Answered step by step
Verified Expert Solution
Question
1 Approved Answer
picture 1 is for question on picture 2. the same goes for picture 3&4 Below are the financial statements for Best Care Medical Clinic. Best
picture 1 is for question on picture 2. the same goes for picture 3&4
Below are the financial statements for Best Care Medical Clinic. Best Care Medical Clinic Balance Sheet December 31, 2020 (in thousands) Assets Cash $14,202 5,918 Accounts Receivable Supplies Property, Plant & Equipment, net Total Assets 1,211 33,769 55,100 4,453 Current Liabilities Accounts Payable Current Portion of Long Term Debt Long Term Debt Total Liabilities 3,907 21,640 30,000 25,100 Equity Best Care Medical Clinic Statement of Operations Year Ended December 31, 2020 $54,505 (in thousands) Operating Revenue Net Patient Service Revenue Operating Expense Personnel expense Supply expense Depreciation Expense Total Operating Expense Operating Income Non-operating Income (expense), net 21,707 9,721 2,625 34,053 XXXXXXXXX (1,163) Net Income 19,289 What is Best Medical Care Clinic's Return on Assets? DI 55% il 37% Pill: 90% iv. 35% Below are the financial statements for Best Care Medical Clinic. Best Care Medical Clinic Balance Sheet December 31, 2020 (in thousands) Assets Cash $14,202 Accounts Receivable 5,918 1,211 Supplies Property, Plant & Equipment, net Total Assets 33,769 55,100 Current Liabilities 4,453 3,907 Accounts Payable Current Portion of Long Term Debt Long Term Debt Total Liabilities Equity 21,640 30,000 25,100 Best Care Medical Clinic Statement of Operations Year Ended December 31, 2020 (in thousands) Operating Revenue Best Care Medical Clinic Statement of Operations Year Ended December 31, 2020 (in thousands) Operating Revenue Net Patient Service Revenue $64,505 21,707 Operating Expense Personnel expense Supply expense Depreciation Expense Total Operating Expense Operating Income Non-operating Income (expense), net 9,721 2,625 34,053 XXXXXXXXX (1163) Net Income 29,289 What is Best Care Medical Clinic's Acid Test? 1. 1.70 2. 2.55 3. 0.47 4.4.0 When you are comparing your organization's financials against another organization, it does not matter what health care organization you are using as a comparator. Any organization in the industry will do. For example, it is perfectly reliabile to compare the financial results from a small rural hospital with a large urban specialty hospital. Good financial performance is universal. Select one: True False What is meant by "purchasing power"? How much can be bought with a dollar or some other unit of money None of these What you originally paid for a good How much debt you can borrow 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