You will use a worksheet template to create an income statement, balance sheet, and ratio analysis for a fictional medical center using data provided. Students will then use this data to write an analysis of Alanson Medical Centers financial position.

Alanson Medical Center is a bed, notforprofit hospital located in the city of Alanson, a small city located in northern Michigan. Use the companion spreadsheet to complete this Hallmark Assessment Task HAT

Product:

Entries for Alanson Medical Centers income statement are listed on the companion spreadsheet on the Income Statement tab in alphabetical order. Use the entries to construct an income statement for the year ended December Once the entries are on the correct rows, complete the appropriate calculation on the spreadsheet to determine Net Patient Service Revenue,Total Operating Expenses, and Net Income Excess of Revenues over Expenses All work for this question will be completed on the companion spreadsheet on the Income Statement tab.

Entries for Alanson Medical Centers balance sheet dated December are listed on the companion spreadsheet on the Balance Sheet tab in alphabetical order. Use the entries to construct a balance sheet as of December Once the entries are on the correct rows, complete the appropriate calculation on the spreadsheet to determine Total Current Assets,Net Property, Plant & Equipment,Total Current Liabilities,Total Liabilities,Net Equity, and Total Liabilities & Equity. Calculate equity net assets using the information provided. All work for this question will be completed on the companion spreadsheet on the Balance Sheet tab.

Use the income statement and balance sheet you constructed in parts one and two to calculate the ratios listed on the companion spreadsheet on the Ratio Analysis tab. For each ratio identified calculate the ratio in Column D and place your answer in Column E All work for this question will be completed on the companion spreadsheet on the Ratio Analysis tab.

Use the ratios you calculated in part three to conduct a trend analysis comparing the ratios to their actual value in provided on the companion spreadsheet on the Ratio Analysis tab in Column F For each ratio, identify how the ratio has changed over time. The response to this question should be provided in a Word document.

Use the ratios you calculated in part three to conduct a comparative analysis, comparing the ratios to industry standard values, provided on the companion spreadsheet on the Ratio Analysis tab in Column G For each ration, identify how the ratio compares to the industry standard. The response to this question should be provided in a Word document.

Provide a written response analyzing Alanson Medical Centers financial position as of December The response to this question should be provided in a Word document.

Answer rating: 100% (QA)

ANSWER To tackle this task effectively youll need to follow a systematic approach Income Statement Construction Transfer the provided entries for the ... View the full answer