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Problem: 17.6 Examine the industry average ratios given in problems 17.4 and 17.5. Explain why the ratios are different between the managed care and nursing
| Problem: | 17.6 | |||||||||
| Examine the industry average ratios given in problems 17.4 and 17.5. Explain why the ratios are | ||||||||||
| different between the managed care and nursing home industries. | ||||||||||
| Ratio | Managed Care | Nursing Homes | ||||||||
| Total Margin | 3.80% | #REF! | ||||||||
| Return on Assets (ROA) | 8.00% | #REF! | ||||||||
| Return on Equity (ROE) | 25.50% | #REF! | ||||||||
| Current Ratio | 1.3 | #REF! | ||||||||
| Days cash on hand | 41 days | #REF! | ||||||||
| Average Collection Period | 7 days | #REF! | ||||||||
| Debt Ratio | 69% | #REF! | ||||||||
| Times-interest-earned (TIE) Ratio | 2.8 | #REF! | ||||||||
| Fixed Asset Turnover Ratio | 5.2 | #REF! | ||||||||
| Total Asset Turnover Ratio | 2.1 | #REF! | ||||||||
| Debt to Equity Ratio | 2.2 | #REF! | ||||||||
| Equity Multiplier | 3.2 | #REF! | ||||||||
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Business Communication Essentials
Authors: Courtland Bovee
4th Canadian Edition
0133508706, 978-0133508703
