1. The year-end balance sheet of Dr. Kopper's dental organization shows total liabilities of $500,000, including a bank note to expand the dental offices within the organization by five offices. Net worth of the dental organization is $1,000,000. What is the debt-to-net-worth ratio?

   a. 0.35

   b. 0.20

   c. 0.50

   d. 0.75

2. Vince Tyler works at Denfield High School teaching health related courses. Vince completed four years of college and has a teaching certificate. He is paid $500 a week. Which type of employee is Vince classified as?

   a. Executive exemption

   b. Administrative exemption

   c. Professional exemption

   d. Highly compensated exemption

3. Dr. Joyner opened a not-for-profit facility three years ago. Dr. Joyner wants to measure the efficiency of the facility's operations by finding the return on equity. The net income for the facility is $250,000. The owner's equity that Dr. Joyner has is $355,000. Calculate the return on equity ratio. Round to the nearest whole percent.

   a. 25%

   b. 20%

   c. 70%

   d. 50%

4. Dr. Mann is analyzing the hospital's yearly outcomes to see if the facility is able to meet its current obligations. She decided to use a quick ratio to determine the facility's strength. What is the quick ratio for the year 2020 based on the current assets and liabilities?

   In Millions	2020	2021	2022
   Current Assets	$12,000	$24,000	$25,000
   Current Liabilities	$30,000	$32,000	$30,000
   Quick Ratio

   a. 0.40

   b. 0.75

   c. 0.25

   
   

   d. 2.5

5. Dr. Mann is analyzing the hospital's yearly outcomes to see if the facility is doing better than last year's obligations. She decided to use a quick ratio to determine the facility's strength. What is the quick ratio for the year 2021 based on the current assets and liabilities?

   In Millions	2020	2021	2022
   Current Assets	$12,000	$24,000	$25,000
   Current Liabilities	$30,000	$32,000	$30,000
   Quick Ratio

   a. 2.5

   b. 0.75

   c. 0.25

   d. 0.40

6. Dr. Gregory is calculating his operating margin to determine how his cardiology practice compares to competitors in the area. Dr. Gregory's total revenue is $975,000 and the cardiology practice's net income is $320,000. What is the cardiology practice's operating margin? Round to the nearest percent.

   a. 32%

   b. 33%

   c. 38%

   d. 40%

7. Sally Burns meets with her physician complaining of a headache, sore throat, and coughing. She has a group health insurance through her employer which has a co-payment of $100.00. She pays the co-payment in cash. The physician's practice standard billing rate for a routine office visit is $275.00. Complete the journal entry to record the cash received from Sally Burns during the office visit.

   Account Number	Description	Debit	Credit

   a. Debit of $100.00

   b. Credit of $275.00

   c. Debit of $275.00

   
   

   d. Credit of $100.00