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You will use the following information to answer two questions. Memorial Hospital Balance Sheet 30-Sep-20 (in thousands) Current assets: Cash 157,308 Accounts receivable, net 68,765
You will use the following information to answer two questions.
Memorial Hospital | |
Balance Sheet | |
30-Sep-20 | |
(in thousands) | |
Current assets: | |
Cash | 157,308 |
Accounts receivable, net | 68,765 |
Medical supplies inventory | 12,439 |
Prepaid expenses and other current assets | 7,268 |
Total current assets | 245,780 |
Property, plan, and equipment, net | 254,513 |
Other assets | 9,823 |
Total assets | 510,116 |
Current liabilities | |
Accounts payable | 62,398 |
Accrued compensation and benefits | 37,804 |
Other accrued liabilities | 9,888 |
Current portion of long-term debt | 56,876 |
Total current liabilities | 166,966 |
Long-term debt | 145,718 |
Total liabilities | 312,684 |
Owners' equity | 197,432 |
Total liabilities and owners' equity | 510,116 |
Memorial Hospital | |
Statement of Operations | |
Year Ended September 30, 2020 | |
(in thousands) | |
Net patient service revenue | 294,675 |
Operating expenses: | |
Personnel expense | 211,658 |
Medical supplies expense | 24,566 |
Other operating expenses | 15,783 |
Depreciation expense | 11,654 |
Total operating expenses | 263,661 |
Income from operations | 31,014 |
Other income (expenses): | |
Interest expense | (37,698) |
Interest and other income, net | 14,565 |
Total other income (expenses), net | (23,133) |
Net income | 7,881 |
Given the information above, calculate the financial ratios for Memorial Hospital. Ratios should use the format X,XXX.XX for numerical answers or XX.X% for percentages.
Total Margin
Total asset turnover
Equity multiplier
Return on equity (ROE)
Return on assets (ROA)
Current ratio
Days cash on hand
Average collection period
Debt ratio
Debt-to-equity ratio
Times interest earned (TIE) ratio
Fixed asset turnover ratio
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