May Someone please help me with this assignment for my Public Financial Management class? I highly appreciate all the help I can receive and thank you in advance. may Yahuwah bless you.

Kindly, Diana =)

MAY SOMEONE PLEASE HELP ME! I need help in this Public Financial Management assignment. I do not understand how to do it and would highly and deeply appreciate anybody that has the will to help me solve this. Thank you very much for your help and time and may Yahuwah bless you. Kindly, ~Diana~

Financial Analysis

Using the financial statements from the Major Medical Center Case Study at the end of chapter 15, analyze the following:

Review the auditors opinion letter and analyze any concerns.

Review the financial statements. Analyze any unusual items and examine the balance sheet, operating statement, and cash flow statement.

Review the notes and analyze any causes for concern.

Calculate the following ratios using Excel: common size, current, quick, days of cash on hand, receivables turnover, average collection period, fixed asset turnover, total asset turnover, debt, debt to equity, times-interest-earned, operating margin, total margin, ROA, and RONA.

Evaluate Major Medical Centers financial status.

Major Medical Center

Statements of Cash Flows

___________________________________________________________________________________

Year Ended December 31st

2012 2011

(In Thousands)

Operating Activities

Operating Income $2,429 $751

Change in temporarily restricted net assets 743 4,496

3,172 5,247

Adjustments to reconcile change in net assets to cash provided by operations:

Depreciation and amortization 22,541 18,856

Investment income earned on assets limited as to use (774) (698)

Changes in operating assets and liabilities:

(Increase) decrease in receivables for patient care (2,105) 7,589

(Increase) decrease in due from third-party reimbursement programs (8,413) 4,500

Increase in accounts payable and accrued expenses and accrued

salaries and related liabilities 9,654 1,412

Net effect of increases and decreases in other assets and liabilities 2,286 (8,707)

Cash provided by operations 26,361 28,199

Investing Activities

Acquisitions of property, plant, and equipment, net (10,043) (12,998)

Less amounts provided by restricted funds 139 146

Increase in investments (618) (70)

Cash used in investing activities 10,522 12,922

Financing Activities

Net payment from (to) affiliates 126 (1,773)

Increase in deferred financing costs (1,323)

Repayments of long-term debt (13,326) (9,510)

Deposits into sinking fund, as required by mortgage loan agreement (303)

Increase in compensating balances for standby letters of credit (1,923)

(Increase) decrease in pledges receivable (30) (3,190)

Cash used in financing activities (16,779) (14,473)

Net (decrease) increase in cash and cash equivalents (940) 804

Cash and cash equivalents at beginning of year 9,005 8,201

Cash and cash equivalents at end of year $8,065 $9,005

Also, here is the auditors letter to read in order to answer the questions.

Board of Trustees

Major Medical Center

We have audited the accompanying statements of financial position of Major medical Center (the "Medical Center") as of December 31, 202 and 2011, and the related statement of operations, changesin net assets, and cash flows for the years then ended.These financial statments are the responsibility of the medical Center's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. an audit also inclludes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statments referred to above present fairly, in all material respects, the financial position of MAjor Medical Center on December 31, 2010 and 2011, and the results of its operations, changes in net assets, and cash flows for the years then ended, in conformity with generally accepted accounting principles.

April 30, 2013

I.N. SINCER AND OLD, CPAs