Question
What is Megatropolis operating margin operating Income/Total operating revenue) & Days in Account Receivable ((Accounts receivable/Annual revenue)x365)? Provided are Megatropolis's Balance Sheet & Statement of
What is Megatropolis operating margin operating Income/Total operating revenue) & Days in Account Receivable ((Accounts receivable/Annual revenue)x365)? Provided are Megatropolis's Balance Sheet & Statement of Operations.
Megatropolis Hospital Statement of Operations For the Year Ended December 31, 2010 Revenues, Gains, Other Support Net patient service revenue $ 1,500,000 Other revenue 200,000 Total Revenue 1,700,000
Expenses Nursing Services 1,200,000 Administrative Services 200,000 Depreciation 100,000 Other Expenses 50,000 Total Expenses 1,550,000 Operating Income 150,000 Investment Income 50,000 Excess of revenues over expenses 200,000 Increase in Unrestricted Net Assets 200,000 Megatropolis Hospital Balance Sheet As of December 31, 2010 (2009 omitted) Assets Current Assets Cash and cash equivalents $ 50,000 Net patient receivables 350,000 Total Current Assets 400,000 Properties and Equipment Gross properties and equipment $ 900,000 Less accumulated depreciation 475,000 Net Properties and Equipment 425,000 Total Assets $ 825,000 Liabilities and Net Assets Current Liabilities Accounts Payable 200,000 Salaries Payable 50,000 Total Current Liabilities 250,000 Notes Payable 200,000 Unrestricted Net Assets 375,000
Total Liabilities and Net Assets $ 825,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started