Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Provide financial highlights from the income statement. Select and calculate two ratios. Explain your findings and what you are able to understand about this organization

image text in transcribed

Provide financial highlights from the income statement. Select and calculate two ratios. Explain your findings and what you are able to understand about this organization from these ratios (minimum of one page per financial statement ratio analysis). Compare the organization's ratio to the industry average and include that in your analysis.

CHILDREN'S HEALTH CARE Consolidated Statements of Operations and Changes in Net Assets Years ended December 31, 2019 and 2018 (In thousands) CHILDREN'S HEALTH CARE Consolidated Statements of Operations and Changes in Net Assets Years ended December 31, 2019 and 2018 (In thousands) 2019 2018 2019 2018 $ $ Revenue: Patient service revenue Net assets released from restrictions for operations Other 922,840 10,890 42,357 976,087 900,261 10,033 39,438 949,732 118,070 1,165 228 (52) 48,368 1,136 10,548 119,411 58,070 553,991 129,736 107,268 17,257 44,990 7,586 28,317 54,495 527,715 120,944 100,625 17.196 44,969 8,360 28,012 50,478 898,299 Net assets without donor restrictions: Excess of revenue over expenses Net assets released from restrictions - capital acquisitions RSVP plan-related changes other than nel periodic plan expense Other Increase in net assets without donor restrictions Net assets with donor restrictions: Contributions Investment income Net unrealized gains (losses) on investments Net assets released from restrictions-operations Net assets released from restrictions - capital acquisitions Change in value of perpetual trusls held by others Increase in net assets with donor restrictions Increase in net assets Net assets - beginning of year Net assets - end of year Total revenue Expenses: Salaries, wages, and employee benefits Professional fees and purchased services Supplies Facilities Depreciation and amortization Financing costs Health services taxes Other Total expenses Operating income Nonoperating gains (lossos) Investment income and realized gains Income on investments accounted for under the equity method Net unrealized gains (losses) on investments Change in fair value of interest rate swaps Other components of net periodic pension cost Total nonoperating gains (losses) Excess of revenue over expenses 8,450 2,283 3.541 (10,890) (1.165 470 13,298 2,353 (2,382) (10,033) (1,136) (647) 1,453 59,523 943,640 32,447 2,689 122,100 1,016,422 1.139.522 51,433 955,899 1,016,422 33,811 2,646 See accompanying notes to the consolidated financial statements. 55,607 (5,135) (1,306) 85,623 33,416 3,431 (33,406) 4,985 (13,473) (5,047) 48,386 118,070 See accompanying notes to the consolidated financial statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Paul Fischer, William Taylor

6th Edition

0538841265, 978-0538841269

More Books

Students explore these related Accounting questions