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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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