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Profitability ratios Bayside Memorial Hospital's financial statements follow: INCOME STATMENT 2018 2017 Revenues: Patient service revenue $106,502 $95,398 Less: provision for bad debts 4,328 3,469
Profitability ratios
Bayside Memorial Hospital's financial statements follow:
INCOME STATMENT | 2018 | 2017 |
Revenues: | ||
Patient service revenue | $106,502 | $95,398 |
Less: provision for bad debts | 4,328 | 3,469 |
Net patient service | $102,174 | $91,929 |
Premium revenue | 5,232 | 4,622 |
Other revenue | 3,644 | 6,014 |
Total operating revenues | $111,050 | $102,565 |
Expenses: | ||
Nursing services | $58,285 | $56,752 |
Dietary services | 5,424 | 4,718 |
General services | 13,198 | 11,655 |
Administrative services | 11,427 | 11,585 |
Employee health and welfare | 10,250 | 10,705 |
Malpractice insurance | 1,320 | 1,204 |
Depreciation | 4,130 | 4,025 |
Interest expense | 1,542 | 1,521 |
Total expenses | $105,576 | $102,165 |
Operating income | $5,474 | $400 |
Nonoperating income | 2,098 | 1,995 |
Net income | $7,572 | $2,395 |
BALANCE SHEET | 2018 | 2017 |
Cash and equivalents | $3,263 | $3,095 |
Short-term investments | 4,000 | 2,000 |
Net patient accounts recevable | 23,840 | 22,738 |
Inventories | 3,177 | 2,982 |
Total current assets | $34,280 | $30,815 |
Gross property and equipment | $145,158 | $140,865 |
Accumulated depreciation | 25,160 | 21,030 |
Net property and equipment | $119,998 | $119,835 |
Total Assets | $154,278 | $150,650 |
Accounts payable | $4,707 | $5,145 |
Accrued expenses | 5,650 | 5,421 |
Notes payable | 2,975 | 6,237 |
Total current liabilities | $13,332 | $16,803 |
Long-term debt | $28,750 | 30,900 |
Finance lease obligations | 1,832 | 2,155 |
Total long-term liabilities | $30,582 | $33,055 |
Net assets (equity) | $110,364 | $100,792 |
Total liabilities and net assets | $154,278 | $150,650 |
Calculate Bayside's 2018 Total margin.
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