Project #63445 - Financial Balance Sheet Numeric Problems

 

Please show work on calculations for questions.

 

Refer to Megatropolis Hospital’s financial statements below for calculating the ratios requested in

 

problems 1 to 6.

 

 

 

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

 

 

 

1.            What is Megatropolis Hospital’s operating margin?

 

 

 

2.            What is Megatropolis Hospital’s days in accounts receivable?

 

 

 

3.            What is Megatropolis Hospital’s long-term debt to net assets ratio?

 

 

 

4.            What is Megatropolis Hospital’s age of plant?

 

 

 

5.            What is Megatropolis Hospital’s fixed asset turnover ratio?

 

 

 

6.            What is Megatropolis Hospital’s days cash on hand?

 

Subject Business
Due By (Pacific Time) 03/23/2015 07:30 pm
Report DMCA
TutorRating
pallavi

Chat Now!

out of 1971 reviews
More..
amosmm

Chat Now!

out of 766 reviews
More..
PhyzKyd

Chat Now!

out of 1164 reviews
More..
rajdeep77

Chat Now!

out of 721 reviews
More..
sctys

Chat Now!

out of 1600 reviews
More..
sharadgreen

Chat Now!

out of 770 reviews
More..
topnotcher

Chat Now!

out of 766 reviews
More..
XXXIAO

Chat Now!

out of 680 reviews
More..
All Rights Reserved. Copyright by AceMyHW.com - Copyright Policy