Question
Megatropolis Hospital Statement of Operations For the Year Ended December 31, 2007 Revenues, Gains, Other Support Net patient service revenue $ 1,500,000 Other revenue 200,000
Megatropolis Hospital Statement of Operations For the Year Ended December 31, 2007
Revenues, Gains, Other Support
Net patient service revenue $ 1,500,000
Other revenue 200,000
Total Revenue 1,700,000
Expenses
Nursing Services 1,200,000
Administrative Services 200,000
Depreciation 100,000
Other Expenses 50,000
Total Expenses 1,550,000
Operating Income 150,000
Investment Income 50,000
Excess of revenues over expenses 200,000
Increase in Unrestricted Net Assets $ 200,000
Megatropolis Hospital Balance Sheet As of December 31, 2007 (2006 omitted)
Assets
Current Assets
Cash and cash equivalents $ 50,000
Net patient receivables 350,000
Total Current Assets 400,000
Properties and Equipment
Gross properties and equipment $ 900,000
Less accumulated depreciation 475,000
Net Properties and Equipment 425,000
Total Assets $ 825,000
Liabilities and Net Assets
Current Liabilities
Accounts Payable 200,000
Salaries Payable 50,000
Total Current Liabilities 250,000
Notes Payable 200,000
Unrestricted Net Assets 375,000
Total Liabilities and Net Assets $ 825,000
Problems
- What is Megatropolis Hospitals operating margin?
- What is Megatropolis Hospitals days in accounts receivable?
- What is Megatropolis Hospitals long-term debt to net assets ratio?
- What is Megatropolis Hospitals age of plant?
- What is Megatropolis Hospitals fixed asset turnover ratio?
- What is Megatropolis Hospitals days of cash on hand?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Candlestick Charts Training For Dummies
Authors: Walletter Books
1st Edition
979-8727316689
