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Using the Statement of Operations provided, calculate the Debt Service Coverage Ratio and explain how. The Principal Payment is not provided so assume it is
Using the Statement of Operations provided, calculate the Debt Service Coverage Ratio and explain how. The Principal Payment is not provided so assume it is $1,000,000.
Statements of Operations (Millions of Dollars) 2012 $ 28.796 $ 30.576 $ 34.582 Revenues 2011 2013 Net patient service revenue Other revenue 1.237 1.853 1.834 Total revenues $ 30.033 $ 32.429 $ 36.416 Expenses Salaries and wages Fringe benefits Interest expense Depreciation Medical supplies and drugs Professional liability Other $12.245 $ 12.468 $ 13.994 2.568 1.776 2.778 0.776 0.218 1.830 1.181 2.350 0.622 0.140 9.036 2.408 1.598 2.658 0.655 0.201 10.339 11.848 Total expenses $ 27.404 $ 30.327 $ 33.958 Net income $ 2.629 $ 2.102 $ 2.458
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