The Income Statement and Balance Sheet for the 660-bed Williams Academic Medical Center for the years 20X0 and 20X1 are shown in Exhibit 4.30a and 4.30b. Assume that principle payments each year come to $5,500,000, and that adjusted discharges are $120,000 for 20X0 and $125,000 for 20X1. 1. Perform full horizontal and vertical analysis on the income statement 2. Perform full horizontal and vertical analysis on the balance sheet 3. Calculate every ratio described in the formula table for both years, and compare these ratios with the benchmark (Exhibit 4.16a) Discuss Williamss current financial position and future outlook based on these results. Make the basis for the vertical analysis the year 20X0.

EXHIBIT 4.30a BALANCE SHEET FORWILLIAMSACADEMIC DICAL CENTER Williams Academic Medical Center Balance Sheet December 31, 20x0 and 20x1 (in thousands) 20X1 20xo Current assets $66,300 $63,500 Cash and cash equivalents 05,000 125,000 Patient accounts receivables, net 69,500 62,000 2400 Other current assets 243800 252,900 Total current assets Plant, property, and equipment 976.000 1,040,000 Gross plant, property, and equipment 32 254,000 Less accumulated depreciation) 786,000 Net property, plant, and equipment 175 195,000 Long-term investments $1.077.900 $1,224,800 Total assets Current liabilities $89,000 $87,200 Accounts payable 23,000 Salaries payable 3,000 3,200 Notes payable 100 other current liabilities 3,200 115,500 Total current liabilities Noncurrent liabilities 461,000 466,500 Bonds payable 46,000 466,500 Total noncurrent liabilities 642.800 Owners' equity 1,077,900. 1,224,800 Total liabilities and equity