Using the Balance Sheet and the Income Statement (Statement of Revenues and Expenses) calculate both the OPERATING MARGIN with formula operating income Loss/ total operating revenues and the RETURN ON TOTAL ASSETS using formula ebit/total assists Balance SheetAssetsCurrent AssetsCash and cash equivalentsAccounts receivable (not)InventoriesPrepaid InsuranceTotal Current AssetsProperty, Plant, and EquipmentLandBuildings (net)Equipment (net)Net Property, Plant, and EquipmentOther AssetsDecember 31, 2002$190,000250,00025,0005.000$470,000360,000133,000$963,000$345,000200,000$545,000418,000$963,000$100,0000260,000Investments$133.000Total Other AssetsTotal AssetsLiabilities and Fund BalanceCurrent LiabilitiesCurrent maturities of long-term debt$52.000Accounts payable and accrued expenses 293.000Total Current LiabilitiesLong-Term Debt$252,000Less Current Maturities of Long-Term Debt (52.000)Net Long-Term DebtTotal LiabilitiesFund BalancesUnrestricted fund balance$418.000Restricted fund balanceTotal Fund BalancesTotal Liabilities and Fund BalanceStatement of Revenue and ExpensesFor the Year EndingDecember 31, 20x2RevenueNet patient service revenue$2,000,000Total operating revenueOperating ExpensesMedical/surgical services$600,000Therapy services860,000Other professional services80,000Support services220,000General services65,000Depreciation40,000Interest20,000 $1,885,000Total operating expensesIncome from Operations$115.000Nonoperating Gains (Losses)Interest Income$5,000Net nonoperating gains5,000Revenue and Gains in Excess ofExpenses and Losses$120.000Increase in Unrestricted Fund Balance$120,000$2,000,000470,000Current Assets345,000 Current Liabilities=1.3622. Quick Ratio190,000+250,000345,000- 1.275Step 11,885,000(40,000)1/1.845.0001.845.000365-5,055Step 21. Current RatioStep 3190,0005,055= 37.5 daysStep 12.000.00090%1,800,000Step 21.800.000365= 4,931Step 3250,0004,931-50.7 daysCash and Cash Equivalent+Net ReceivablesCurrent Liabilities3. Days Cash on Hand (DCOH)Unrestricted Cash and Cash EquivalentsCash Operating Expenses divided bydays in period (365)Percent of Credit RevenuesInformation obtained elsewhere4 Days ReceivablesNat ReceivablesNet Credit Revenue divided by #days in period (365)

Name: Using the Balance Sheet and the Income Statement (Statement of Revenue
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Description: Using the Balance Sheet and the Income Statement (Statement of Revenues and Expenses) calculate both the OPERATING MARGIN with formula operating income Loss/ total operating revenues and the RETURN ON TOTAL ASSETS using formula ebit/total assists

Operating Margin Ratio: Operating income/Total Operating Revenue =115,000/2,000,000 = 0.0575 = 5.75%

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Accounting

Using the Balance Sheet and the Income Statement (Statement of Revenues and Expenses) calculate both the OPERATING MARGIN with formula operating income Loss/ total operating revenues and the RETURN ON TOTAL ASSETS using formula ebit/total assists

Using the Balance Sheet and the Income Statement (Statement of Revenues and Expenses) calculate both the OPERATING MARGIN with formula operating income Loss/ total operating revenues and the RETURN ON TOTAL ASSETS using formula ebit/total assists

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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