Question
Use the following information to calculate the ratios, Current ratio, Days in A/R, Operating Rev per adj. discharge, Operating margin, Return on Total Assets, Fixed
Use the following information to calculate the ratios, Current ratio, Days in A/R, Operating Rev per adj. discharge, Operating margin, Return on Total Assets, Fixed asset Turnover, Long-term Debt to Net Assets, and Avg Payment period (days)
BALANCE SHEET
Current assets
Cash - 2,590
Net Patient receivables - 9,600
Other current asssets - 1,200
Total current assets - 13,390
Noncurrent assets
net plant, property & equipment - 20,500
Goodwill - 2,000
Total Assets - 35,890
STATEMENT OF OPERATIONS
Patient service revenue - 52,000
Other revenues - 751
Total revenues - 52,751
Expenses
Wage and benefits - 33,000
Biologics - 10,200
Depreciation expense - 2,900
Bad debt expense - 5,500
Total operating expense - 51,600
Operating income - 1,151
Increase in net assets - 1,151
Current liabilities
Accounts payable - 4,800
Wages payable - 3,200
Total current liabiliteis - 8,000
Long term liabilities
Mortagage payable - 17,000
Total liabilites - 25,000
Net assets - 10,890
Total liabilities and net assets - 35,890
Adjusted discharges for the year - 6400
Total bed capacity - 250
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Understanding And Auditing Corporate Culture A Maturity Model Approach
Authors: Angelina K. Y. Chin, CIA, CRMA, CPA
1st Edition
1634540719, 978-1634540711
