Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

REVENUES AND EXPENSES 20x9 Revenues Inpatient revenue $73,000 Outpatient revenue 72,000 Total Patient Revenue $145,000 Other operating income 48,300 Total Revenue $96,700 Expenses Salaries and

REVENUES AND EXPENSES 20x9
Revenues

Inpatient revenue

$73,000

Outpatient revenue

72,000

Total Patient Revenue

$145,000

Other operating income

48,300

Total Revenue

$96,700
Expenses

Salaries and benefits

$44,000

Patient care supplies

15,500

Professional fees

3,600

Depreciation

11,000

Interest expenses

7,400

Other expenses

8,800

Total Expenses

$90,300

Net margin

$6,400

They have a long-term debt of $70,000 ($50,000 in their mortgage and the remaining $20,000 in equipment). They have assets totaling $100,000, minus the $70,000 in liabilities that gives them $30,000 in stockholders' equity.to. Calculate the long-term debt

A- to capitalization ratio for the year 20x8. Shows the computations of how you arrived at the result, otherwise you will not receive the score complete. 3 points.

b. Calculate the long-term debt-to-capitalization ratio for the year 20x9. Shows the computations of how you arrived at the result, otherwise you will not receive the score complete. 3 points.

c. Compare the result of both years and explain its meaning. To what do you attribute the difference? 3 points.

d. If the median in the hospital industry for the year 20x9 is .5%, how Compare with the results of parts a and b? Give some possible reasons for this result. 3 points.

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

Step: 3

blur-text-image

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

Managerial Economics And Strategy

Authors: Jeffrey M. Perloff, James A. Brander

3rd Edition

0134899709, 978-0134899701

More Books

Students also viewed these Economics questions