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MUST SHOW ALL WORK AND ALL CALCULATIONS What is Sunset Hospitals operating margin, days in accounts receivable, long-term debt to net assets ratio, age of
MUST SHOW ALL WORK AND ALL CALCULATIONS
What is Sunset Hospitals operating margin, days in accounts receivable, long-term debt to net assets ratio, age of plant, fixed asset turnover ratio, days cash on hand?
Sunset Hospital Statement of Operations For the Year Ended December 31, 2018 Sunset Hospital Balance Sheet As of December 31, 2018 (2017 omitted) Revenues, Gains, Other Support Net patient service revenue $ Other revenue Total Revenue 1,500,000 200,000 1,700,000 Assets Current Assets Cash and cash equivalents Net patient receivables Total Current Assets $ 50,000 350,000 400,000 Expenses Nursing Services Administrative Services Depreciation Other Expenses Total Expenses 1,200,000 200,000 100,000 50,000 1,550,000 Properties and Equipment Gross properties and equipment $ Less accumulated depreciation Net Properties and Equipment 900,000 475,000 425,000 Total Assets $ 825,000 Operating Income 150,000 Investment Income 50,000 Liabilities and Net Assets Current Liabilities Accounts Payable Salaries Payable Total Current Liabilities Excess of revenues over expenses 200,000 200,000 50,000 250,000 Increase in Unrestricted Net Assets $ 200,000 Notes Payable 200,000 Unrestricted Net Assets 375,000 Total Liabilities and Net Assets $ 825,000Step by Step Solution
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