Examine the industry average ratios given in problems 17.4 and 17.5. Explain why the ratios are different
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Question:
Examine the industry average ratios given in problems 17.4 and 17.5. Explain why the ratios are | ||||||||
different between the managed care and nursing home industries. | ||||||||
Ratio | Managed Care | Nursing Homes | ||||||
Total Margin | 3.80% | #REF! | ||||||
Return on Assets (ROA) | 8.00% | #REF! | ||||||
Return on Equity (ROE) | 25.50% | #REF! | ||||||
Current Ratio | 1.3 | #REF! | ||||||
Days cash on hand | 41 days | #REF! | ||||||
Average Collection Period | 7 days | #REF! | ||||||
Debt Ratio | 69% | #REF! | ||||||
Times-interest-earned (TIE) Ratio | 2.8 | #REF! | ||||||
Fixed Asset Turnover Ratio | 5.2 | #REF! | ||||||
Total Asset Turnover Ratio | 2.1 | #REF! | ||||||
Debt to Equity Ratio | 2.2 | #REF! | ||||||
Equity Multiplier | 3.2 | #REF! | ||||||
Related Book For
Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
ISBN: 9781640551862
7th Edition
Authors: Kristin L. Reiter, Paula H. Song
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