Listed below are the balance sheet and statement of operations for Fasko Nursing Home for $2022$ and $2023$

$1.$ D and $2022?$

$2.$ D and $2022(5$ points$)$:

Compute Fasko Nursing Home's acid $($or acid$-$test$)$ ratio $(5$ points$)$:Compute Fasko Nursing Home$$s current ratio? Fasko Nursing Home

Balance Sheet $($in thousands$)$

For the years ending December $31,2023$ and $2022$

Fasko Nursing Home

Balance Sheet $($in thousands$)$

For the years ending December $31,2023$ &$202220232022$

Current Assets:

Cash and cash equivalents $$36$ $$42$

Net patient receivables $283225$

Prepaid Expenses $6060$

Total Current Assets $379327$

Plant, Property & Equipment

Gross Plant, Property & Equipment $348305$

$($less Accumulated Depreciation$)(67)(50)$

Net Plant, Property, & Equipment $281255$

Construction in Progress $24464$

Total Assets $904582$

Current Liabilities:

Accounts Payable $$217$ $$180$

Salaries Payable $7256$

Total Current Liabilities $289236$

Long$-$term Liabilities:

Bonds Payable $11025$

Total Long$-$term Liabilities $11025$

Net Assets $505321$

Total Liabilities and Net Assets $$904$ $$582$

Revenues:

Net Patient Service Revenue $$1350$ $$1100$

Other Revenue $168202$

Total Revenues $15181302$

Expenses:

Nursing Services $12221106$

Administrative Services $10597$

Depreciation $2520$

General Services $4631$

Total Expenses $13981254$

Operating Income $12048$

Excess of Revenues over Expenses $12048$

Increase in Net Assets $$120$ $$48$