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What is the Return on Assets Ratio, Current Ratio, Days Cash on Hand and Average Collection Period / Days in Accounts Receivable for Jackson Hospital
What is the Return on Assets Ratio, Current Ratio, Days Cash on Hand and Average Collection Period / Days in Accounts Receivable for Jackson Hospital in 2019?
Please look at the images and also the options that are available for answers
Return on Assets Ratio
A: 2.5%
B: 3.2%
C: 8.40%
D: 1.0%
Current Ratio
A: 1.7 times
B: 2.8 %
C: 5.4 times
D: 2.0 times
Days Cash on Hand
A: 24 days
B: 18.9 days
C: 9.18 days
D: 12.1 days
Average Collection Period / Days in Accounts Receivable
A: 78 days
B: 48 days
C: 19.1 times
D: 82.3 days
Jackson Hospital Statement of Cash Flows Year Ended As of December 31, 2019 $ 6,474 Cash Flows From Operating Activities Operating Income Adjustments: Depreciation Increase in Accounts Receivable Increase in Inventories Decrease in Accounts Payable Increase in Accrued Expenses Net Cash Flow from Operations $ $ $ $ $ $ 4,130 (1,102) (195) (438) 229 9,098 This is a formula Cash Flow From Investing Activities Investment in Property and Equipment Investment in Short-Term Securities Net Cash Flow from Investing $ $ $ (4,293) (2,000) (6,293) This is a formula Cash Flows From Financing Activities: Nonoperating Income Repayment of Long-Term Debt Repayment of Notes Payable Capital Lease Principal Repayment Net Cash Flow From Investing $ $ $ $ $ 2,098 (2,150) (3,262) (323) (3,637) This is a formula Net Increase (Decrease) in Cash and Equivales $ (832) This is a formula Beginning Cash and Equivalents $ 3,095 Ending Cash and Equivalents $ 2.263 Jackson Hospital Income Statement Year Ended As of December 31, 2019 Revenues: Patient Service Revenue $ Less: Provision for Bad Debts $ Net Patient Service Revenu $ Premium Revenue $ Other Revenue $ Net Operating Revenues $ 2019 95,398 3,469 91,929 This is a formula 4,622 6,014 102,565 This is a formula Expenses Nursing Services Dietary Services General Services Administrative Services $ Employee Health and Welfare $ Malpractice Insurance $ Depreciation Interest Expense Total Expenses $ Operating Income Non-operating Income $ 56,752 4,718 11,655 11,585 10,705 1,204 4,025 1,521 102,165 This is a formula 400 This is a formula 1,995 Net Income $ 2,395 This is a formula Jackson Hospital Balance Sheet As of December 31, 2019 2019 Cash and Equivalents $ 3,095 Short-Term Investments $ 2,000 Net Patient Accounts Receivable $ 20,738 Inventories $ 2,982 Total Current Assets '$ 28,815 This is a formula Gross Property and Equipment $140,865 Accumulated Depreciation $ 21,030 Net Property and Equipment $119,835 This is a formula Total Assets $ 148,650 This is a formula Accounts Payable Accrued Expenses Notes Payable Total Current Liabilities Long-Term Debt Capital Lease Obligations Total Long-Term Liabilities Net Assets (Equity) $ 5,145 $ 5,421 $ 6,237 $ 16,803 This is a formula $ 30,900 $ 2,155 $ 33,055 This is a formula $ 98,792 Total Liabilities and Net Assets $148,650 This is a formulaStep by Step Solution
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