Question
Using the information below, calculate the operating margin for XYZ Hospital: Net patient service revenue $425,000 Other operating revenue 28,000 Non-operating revenue 15,500 Total expenses
Using the information below, calculate the operating margin for XYZ Hospital:
Net patient service revenue | $425,000 |
Other operating revenue | 28,000 |
Non-operating revenue | 15,500 |
Total expenses | 375,000 |
Net income | 93,500 |
- A.
20.6%
- B.
20.7%
- C.
17.2%
- D.
14.6%
- E.
22.0%
Using the information below, calculate the current ratio for XYZ Hospital.
Current liabilities | $ 270 000 |
Cash & equivalents | 375,000 |
Accounts receivable | 285,000 |
Net fixed assets | 1,220,000 |
Accounts payable | 195,000 |
Notes payable | 75,000 |
Capital lease obligations | 25,000 |
Net assets (equity) | 1,450,000 |
- A.
1.1
- B.
2.4
- C.
3.4
- D.
2.2
- E.
1.9
Using the information below, determine the days cash on hand for XYZ Hospital.
Cash and equivalents | $ 12,250 |
Short-term investments | 8,500 |
Net fixed assets | 278,000 |
Accounts receivable | 62,500 |
Wages & salaries | 125,000 |
Administrative costs | 25,000 |
Supplies | 10,750 |
Insurance expense | 7,250 |
Depreciation | 12,350 |
Notes payable | 18,750 |
Net assets | 62,500 |
- A.
26.6
- B.
28.2
- C.
24.8
- D.
38.0
- E.
45.1
Using the information below, calculate the Days in Patient Accounts Receivable for XYZ Hospital. Revenue and expense amounts are annual amounts.
Net patient accounts receivable | $1,050,000 |
Other operating revenue | 350,000 |
Net patient revenue | 4,500,000 |
Total operating expenses | 3,250,000 |
XYZ Hospital has 575 licensed beds. In 2017, it had 151,000 inpatient days. What was the hospital's occupancy rate in 2017?
-
A. 74%
-
B. 68%
-
C. 70%
-
D. 72%
XYZ Hospital had 53,000 discharges and 150,000 inpatient days in 2017. What was the hospital's average length of stay in 2017?
- A.
2.83
- B.
2.75
- C.
0.35
- D.
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