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17.3. Riverside Memorial's primary financial statements are presented in exhibits 17.1,17.2, and 17.3 . a. Calculate Riverside's financial ratios for 2019. Assume that Riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2019. (Hint: Use the book discussion to identify the applicable ratios.) b. Interpret the ratios. Use both trend and comparative analyses. For the comparative analysis, assume that the peer group average data presented in the book are valid for both 2019 and 2020. Chapler 17: Financial Condition Analysis 671 operating income Adjustments: EXHIBIT 17.1 Depreciation Increase in accounts receivable $6,474 Riverside Increase in inventories Hospital: 4,130 Statement of Decrease in accounts payable (1,102) Cash Flows, Increase in accrued expenses (195) Year Ended Net cash flow from operations Cash flows from investing activities: $9,098 thousands) Investment in property and equipment Investment in short-term securities ($4,293) Net cash flow from investing Cash flows from financing activities: ($6,293)(2,000) Nonoperating income Repayment of long-term debt Repayment of notes payable Lease principal repayment Net cash flow from financing Net increase (decrease) in cash and equivalents Beginning cash and equivalents Ending cash and equivalents $2,098(2,150)(3,262)(323)$,637)($832)3,095$2,263 dapenski's Healthcare Finance EXHIBIT 17.3 \begin{tabular}{rlrr} Riverside & & 2020 & 2019 \\ \cline { 2 - 4 } Memorial & Assets: & & \\ Hospital: & Cash and equivalents & 2,263 & 3,095 \\ ce Sheets, & Short-term investments & 4,000 & 2,000 \\ and 2019 & Net patient accounts receivable & 21,840 & 20,738 \\ & Inventories & 3,177 & 2,982 \\ & Total current assets & $31,280 & $28,815 \\ & Gross property and equipment & $145,158 & $140,865 \\ & Net property and equipment & $119,160 & $1,030 \\ & Total assets & $151,278 & $148,650 \\ & & & \end{tabular} Liabilities: AccountspayableAccruedexpensesNotespayableTotalcurrentliabilitiesLong-termdebtFinanceleaseobligationsTotallong-termliabilitiesNetassets(equity)Totalliabilitiesandnetassets$4,7075,6502,975$13,332$28,7501,832$107,364$151,278$5,1455,4216,237$16,803$30,900$30,5822,155$98,055$148,650 17.3. Riverside Memorial's primary financial statements are presented in exhibits 17.1,17.2, and 17.3 . a. Calculate Riverside's financial ratios for 2019. Assume that Riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2019. (Hint: Use the book discussion to identify the applicable ratios.) b. Interpret the ratios. Use both trend and comparative analyses. For the comparative analysis, assume that the peer group average data presented in the book are valid for both 2019 and 2020. Chapler 17: Financial Condition Analysis 671 operating income Adjustments: EXHIBIT 17.1 Depreciation Increase in accounts receivable $6,474 Riverside Increase in inventories Hospital: 4,130 Statement of Decrease in accounts payable (1,102) Cash Flows, Increase in accrued expenses (195) Year Ended Net cash flow from operations Cash flows from investing activities: $9,098 thousands) Investment in property and equipment Investment in short-term securities ($4,293) Net cash flow from investing Cash flows from financing activities: ($6,293)(2,000) Nonoperating income Repayment of long-term debt Repayment of notes payable Lease principal repayment Net cash flow from financing Net increase (decrease) in cash and equivalents Beginning cash and equivalents Ending cash and equivalents $2,098(2,150)(3,262)(323)$,637)($832)3,095$2,263 dapenski's Healthcare Finance EXHIBIT 17.3 \begin{tabular}{rlrr} Riverside & & 2020 & 2019 \\ \cline { 2 - 4 } Memorial & Assets: & & \\ Hospital: & Cash and equivalents & 2,263 & 3,095 \\ ce Sheets, & Short-term investments & 4,000 & 2,000 \\ and 2019 & Net patient accounts receivable & 21,840 & 20,738 \\ & Inventories & 3,177 & 2,982 \\ & Total current assets & $31,280 & $28,815 \\ & Gross property and equipment & $145,158 & $140,865 \\ & Net property and equipment & $119,160 & $1,030 \\ & Total assets & $151,278 & $148,650 \\ & & & \end{tabular} Liabilities: AccountspayableAccruedexpensesNotespayableTotalcurrentliabilitiesLong-termdebtFinanceleaseobligationsTotallong-termliabilitiesNetassets(equity)Totalliabilitiesandnetassets$4,7075,6502,975$13,332$28,7501,832$107,364$151,278$5,1455,4216,237$16,803$30,900$30,5822,155$98,055$148,650