Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

INFORMATION: *Use annual financial report for Palomar Health found online* Total margin of Palomar Health in 2014: -5.1586% Because: Total margin given by excess revenues

INFORMATION:

*Use annual financial report for Palomar Health found online*

Total margin of Palomar Health in 2014:

-5.1586%

Because:

Total margin given by excess revenues over expenses / total revenue =-

$31,684,000/ $614,200,000 x 100% =

-5.1586%

Operating Margin = Operating Profit / Revenue * 100

= -6280 / 614200 * 100

= -1.0225%

QUESTIONS:

  1. Calculate the return on assets (ROA) for Palomar Health(again, you must explain your calculation)
  2. What was the current ratio for Palomar Health?(explain your assumptions and calculations).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

10th Edition

1119791081, 978-1119791089

More Books

Students also viewed these Accounting questions

Question

How are most students funded?

Answered: 1 week ago

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago