*please show work

1. What is the Debt Ratio for Wilmington Health in 2019?

(If you had a problem, with this, remember that Total Debt is the sum of Total Current Liabilities and Total Long-Term Liabilities).

1. 100%
2. 33.5%

C. 0.0%

D. 24.2%

2. What is the Debt to Equity Ratio for Wilmington Health in 2019?

(If you had a problem, with this, remember that Total Debt is the sum of Total Current Liabilities and Total Long-Term Liabilities).

1. 50.5 %
2. 61.2 %
3. 30.0 %
4. 25.8 %

3. What is the Times Interest Earned Ratio for Wilmington Health in 2019?

(If you had a problem with this, it is important to remember EBIT is Earnings before Interest and Taxes. This means that you must add Interest and Taxes back into the Net Income number.)

1. 8.4 times
2. 1.0 times
3. 5.1 times
4. 2.6 times

4. What are the Fixed Assets Turnover Ratio for Wilmington Health in 2019?

(This problem was a little tricky. For this problem, you had to first calculate the Total Revenues.)

1. 0.51 times
2. 0.87 times
3. 1.00 times
4. 0.33 times

Wilmington Health Year Ended As of December 31, 2019 Cash flow statement 6,474 Cash Flows From Operating Activities Operating Income $ Adjustments: Depreciation $ Increase in Accounts Receivable $ Increase in Inventories $ Decrease in Accounts Payable $ Increase in Accrued Expenses $ Net Cash Flow from Operations $ 4,130 (1,102) (195) (438) 229 9,098 This is a formula $ Cash Flow From Investing Activities Investment in Property and Equipment Investment in Short-Term Securities Net Cash Flow from Investing $ (4,293) (2,000) (6,293) This is a formula $ $ Cash Flows From Financing Activities: Nonoperating Income Repayment of Long-Term Debt Repayment of Notes Payable Capital Lease Principal Repayment Net Cash Flow From Investing $ $ 2,098 (2,150) (3,262) (323) (3,637) This is a formula $ $ Net Increase (Decrease) in Cash and Equivalent $ (832) This is a formula Beginning Cash and Equivalents $ 3,095 Ending Cash and Equivalents $ 2,263 Wilmington Health Year Ended As of December 31, 2019 Income statement $ $ Revenues: Patient Service Revenue Less: Provision for Bad Debts Net Patient Service Revenue Premium Revenue Other Revenue Net Operating Revenues 2019 95,398 3,469 91,929 This is a formula 4,622 6,014 102,565 This is a formula $ $ $ $ $ $ $ $ Expenses Nursing Services Dietary Services General Services Administrative Services Employee Health and Welfare Malpractice Insurance Depreciation Interest Expense Total Expenses Operating Income Non-operating Income A A A A 56,752 4,718 11,655 11,585 10,705 1,204 4,025 1,521 102,165 This is a formula 400 This is a formula 1,995 $ $ $ $ Net Income $ FA 2,395 This is a formula Wilmington Health Year Ended As of December 31, 2019 balance sheet Cash and Equivalents Short-Term Investments Net Patient Accounts Receivable Inventories Total Current Assets Gross Property and Equipment Accumulated Depreciation Net Property and Equipment A A A A A A $ 2019 3,095 2,000 20,738 2,982 28,815 This is a formula 140,865 21,030 119,835 This is a formula $ Total Assets $ 148,650 This is a formula $ Accounts Payable Accrued Expenses Notes Payable Total Current Liabilities Long-Term Debt Capital Lease Obligations Total Long-Term Liabilities Net Assets (Equity) A A A A A A 5,145 5,421 6,237 16,803 This is a formula 30,900 2,155 33,055 This is a formula 98,792 $ Total Liabilities and Net Assets $ 148,650 This is a formula