Question
Refer to Megatropolis Hospitals financial statements below for calculating the ratios requested in questions Megatropolis Hospital Statement of Operations For the Year Ended December 31,
Refer to Megatropolis Hospitals financial statements below for calculating the ratios requested in questions
Megatropolis Hospital
Statement of Operations
For the Year Ended December 31, 2011
Revenues, Gains, Other Support
Net patient service revenue $ 1,500,000
Other revenue 200,000
Total Revenue 1,700,000
Expenses
Nursing Services 1,200,000
Administrative Services 200,000
Depreciation 100,000
Other Expenses 50,000
Total Expenses 1,550,000Operating Income 150,000Investment Income 50,000Excess of revenues over expenses 200,000Increase in Unrestricted Net Assets$ 200,000
Megatropolis Hospital
Balance Sheet
As of December 31, 2011 (2010 omitted)
Assets
Current Assets
Cash and cash equivalents $ 50,000
Net patient receivables 350,000
Total Current Assets 400,000
Properties and Equipment
Gross properties and equipment $ 900,000 Less accumulated depreciation 475,000 Net Properties and Equipment 425,000
Total Assets $ 825,000
Liabilities and Net Assets
Current Liabilities
Accounts Payable 200,000
Salaries Payable 50,000
Total Current Liabilities 250,000
Notes Payable 200,000
Unrestricted Net Assets 375,000
Total Liabilities and Net Assets$ 825,000
What is Megatropolis Hospital's fixed asset turnover ratio? What is Megatropolis Hospital's days cash on hand?
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
