Using the information in tables below for Tyler Healthcare, a major nursing home firm, discuss some of the primary observations that you would conclude regarding the financial performance of the firm. Discuss when and why different ratios might be used. Consider the liquidity, activity and profitability ratios; and compare them to the industry average.

Tyler Healthcare, Inc., $2021($Data in Thousands$)$

Balance Sheet Data

$12/31/2021$

$12/31/2020$

Assets

Current assets

Cash and cash equivalents

$$98,758$

$$164,188$

Net accounts receivable

$$1,194,868$

$$944,219$

Other current assets

$$207,273$

$$199,264$

Total current assets

$$1,500,899$

$$1,307,671$

Property, plant, and equipment, net

$$971,996$

$$902,104$

Goodwill

$$2,669,810$

$$997,597$

Intangible assets

$$755,655$

$$400,700$

Other assets

$$620,576$

$$2,044,892$

Total assets

$$6,518,936$

$$5,652,964$

Liabilities

Total current liabilities

$$1,111,212$

$$857,263$

Long$-$term debt

$$3,137,025$

$$2,852,531$

Other liabilities

$$263,273$

$$243,614$

Deferred long$-$term liability charges

$$301,379$

$$213,584$

Total liabilities

$$4,812,889$

$$4,166,992$

Total stockholders$$ equity

$$1,706,047$

$$1,485,972$

Income Statement Data

$12/31/2021$

$12/31/2020$

Revenue

$$7,054,907$

$$5,027,599$

Expenses

Salaries, wages and benefits

$$3,614,091$

$$2,442,879$

Supplies

$$384,354$

$$289,043$

Rent

$$382,609$

$$313,039$

Depreciation and amortization

$$157,251$

$$155,570$

Interest expense

$$232,395$

$$17,044$

General and admin expenses

$$1,395,288$

$$973,223$

Other operating expenses

$$983,579$

$$831,443$

Total operating expenses

$$7,149,567$

$$5,022,241$

Earnings before taxes

$$(94,660)$

$$5,358$

Income tax expenses

$$(42,797)$

$$462$

Net income from continuing operations

$$(51,863)$

$$4,896$

Discontinued operations, net of income taxes

$$(41,521)$

$$(84,733)$

Net income

$$(93,384)$

$$(79,837)$