Question
Use this as a template for the written assignment.Select any of the hospital financial audits. Search the audits to find this information. Table 1: Analysis
Use this as a template for the written assignment.Select any of the hospital financial audits. Search the audits to find this information.
Table 1: Analysis of (Name) Hospital Audited Financial Statements 2021-2020
| Audit Data Element | Benchmark Measure | 2021 Results | 2020 Results | U.S. Median |
Return on Equity | Excess revenue over expenses/net assets | 8.5 | ||
Total Margin | Excess revenue over expenses/operating revenue + non- operating expenses | 5.0 | ||
Revenue Growth | (Operating revenue current year - operating revenue prior year)/operating revenue prior year | ----- | 5.4 | |
Days cash on hand | (Cash and cash equivalents + long-term investments)/[(Total expenses-depreciation)/365] | 33 | ||
Days in accounts receivable | Net accounts receivable/(Net patient revenue/365) | 53 | ||
Average age of plant | Accumulated depreciation/Depreciation expense | 11.1 | ||
Long-term debt/equity% | Long-term debt/net assets | 15.0 | ||
Debt financing% | (Total assets - Net assets)/Total assets | 42.1 | ||
Cash flow to total debt % | (Net income + Depreciation0/total liability | 10.5 |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
