Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started