Using the financial statements from the Major Medical Center Case Study at the end of chapter 15, analyze the following:

• Review the auditors opinion letter and analyze any concerns.
• Review the financial statements. Analyze any unusual items and examine the balance sheet, operating statement, and cash flow statement.
• Review the notes and analyze any causes for concern.
• Calculate the following ratios using Excel: common size, current, quick, days of cash on hand, receivables turnover, average collection period, fixed asset turnover, total asset turnover, debt, debt to equity, times-interest-earned, operating margin, total margin, ROA, and RONA.
• Evaluate Major Medical Centers financial status.