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Instruction: You are recently appointed as the CEO of a community hospital (250 beds) in Southern California. There is one other similar-size hospital in the
Instruction: You are recently appointed as the CEO of a community hospital (250 beds) in Southern California. There is one other similar-size hospital in the community, Your CFO told you that the hospital is in excellent financial condition, but you are not convinced. You asked your CFO to present you with some indicators of the hospital's financial performance in the past five years. Below is a table you received. Table 1. Select Financial Ratios of the Community Hospital, 2015-2019 Answer the following questions: (1) What does each ratio in the table mean? (2) What can you tell about the financial position of the hospital based on these ratios? (3) How can this financial information help you with making managerial decisions? Are there any other financial indicators you would need for more effective decision-making? Instruction: You are recently appointed as the CEO of a community hospital (250 beds) in Southern California. There is one other similar-size hospital in the community, Your CFO told you that the hospital is in excellent financial condition, but you are not convinced. You asked your CFO to present you with some indicators of the hospital's financial performance in the past five years. Below is a table you received. Table 1. Select Financial Ratios of the Community Hospital, 2015-2019 Answer the following questions: (1) What does each ratio in the table mean? (2) What can you tell about the financial position of the hospital based on these ratios? (3) How can this financial information help you with making managerial decisions? Are there any other financial indicators you would need for more effective decision-making
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