Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Then, calculate the net operating income and operating margin for this year and last year using the table information below and discuss what these figures

Then, calculate the net operating income and operating margin for this year and last year using the table information below and discuss what these figures mean for the company (i.e. what story do they tell the reader).

Income statement (in thousands) this year last year
OPERATING REVENUES
Gross Patient Service Revenue $258, 125 $263, 469
Free Care 5,800 6,024
Contractuals 69, 320 67,985
Net Patient Service Revenue 183, 005 189, 460
other operating revenue 14, 600 14, 843
total operating revenue $197,605 $204, 303
OPERATING EXPENSES
depreciation 13, 152 13, 805
interest 3, 222 5, 026
bad debt 5,163 6,866
other operating expenses 168, 585 173, 634
Total operating expenses $190,122 $199, 331

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

Acquisition Finance

Authors: Tom Speechley

2nd Edition

1780436599, 978-1780436593

More Books

Students also viewed these Finance questions