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Listed below are the balance sheet and statement of operations for when memorial nursing home for 2008 and 2009 compute the following ratios: Current ratio

Listed below are the balance sheet and statement of operations for when memorial nursing home for 2008 and 2009 compute the following ratios:

Current ratio

Acid test ratio

Days in accounts receivable

Average payment period

Long-term debt to net assets ratio

Total asset turnover ratio

Fixed asset turnover ratio

Return on total assets

Operating margin

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Exhibit 4-19a Statement of Operations for Wynn Memorial Nursing Home Wynn Memorial Nursing Home Statement of Operations (in 000) For the Years Ended December 31, 2009 and 2008 2009 2008 Revenues: Net Patient Service Revenue $1.400 $1.200 Other Revenue 200 200 Total Revenues 1.600 1,400 Expenses: Nursing Services 1.320 1.150 Administrative Services 110 100 Depreciation 20 15 General Services 50 35 Total Expenses 1,500 1.300 Operating Income 100 100 Excess of Revenues over Expenses 100 100 Increase in Net Assets $100 $100 nursing home projects asset growth at 10% per year over o reduce its reliance on debt financing, what rate of equity period will be desired

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