Please provide the answers in excel with formulas and explanation. Revenues: 2019 2020 Net Patient Service Revenue
Fantastic news! We've Found the answer you've been seeking!
Question:
Please provide the answers in excel with formulas and explanation.
Transcribed Image Text:
Revenues: 2019 2020 Net Patient Service Revenue $1,400 $1,200 Other Revenue 200 200 Total Revenues 1,600 1,400 Expenses: Nursing Services 1,320 11,150 Administrative Services 110 100 Depreciation 20 15 General Services 50 35 1,500 Total Expenses 1,300 Operating Income 100 100 Excess of Revenues over Expenses 100 100 1. Compute Silverlake Nursing Home's current ratio and compare it with standard. 2. Compute acid (or acid-test) ratio and compare it with standard. 3. Compute days in accounts receivable and compare it with standard. 4. Compute average payment period and compare it with standard. 5. Compute long-term debt to net assets ratio and compare it with standard. 6. Compute net assets to total assets ratio and compare it with standard. 7. Compute total asset turnover ratio and compare it with standard. 8. Compute fixed asset turnover ratio and compare it with standard/ 9. Compute return on total assets and compare it with standard/ 10. Compute operating margin and compare it with standard. Revenues: 2019 2020 Net Patient Service Revenue $1,400 $1,200 Other Revenue 200 200 Total Revenues 1,600 1,400 Expenses: Nursing Services 1,320 11,150 Administrative Services 110 100 Depreciation 20 15 General Services 50 35 1,500 Total Expenses 1,300 Operating Income 100 100 Excess of Revenues over Expenses 100 100 1. Compute Silverlake Nursing Home's current ratio and compare it with standard. 2. Compute acid (or acid-test) ratio and compare it with standard. 3. Compute days in accounts receivable and compare it with standard. 4. Compute average payment period and compare it with standard. 5. Compute long-term debt to net assets ratio and compare it with standard. 6. Compute net assets to total assets ratio and compare it with standard. 7. Compute total asset turnover ratio and compare it with standard. 8. Compute fixed asset turnover ratio and compare it with standard/ 9. Compute return on total assets and compare it with standard/ 10. Compute operating margin and compare it with standard.
Expert Answer:
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
Students also viewed these accounting questions
-
X CO produces a 16 ounce can of BR at a cost of $1.80 to make and sells for $3.00. 16 ounces of BR can be further refined into 4 small tins of CP. The chrome polish sells for $5.00 per tin. Variable...
-
Please provide the answer in excel with the formulas and explain he steps. The are three questions below. The bullets are the information needed to answer and solve the questions. Medical Center...
-
What do you think Dan Barry means when he claims that Ring Dings taste like America?
-
What new pressures for change faced Barrett in the last half of his tenure?
-
An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X be the number of months between successive payments. The...
-
Over the course of about six years, Hanwha Corp., a Korean company, entered into 20 separate contracts to purchase petrochemicals from Cedar Petrochemicals, Inc. While negotiating for the...
-
Frisbees are produced according to the production function q = 2K + L Where q = Output of Frisbees per hour K = Capital input per hour L = Labor input per hour a. If K = 10, how much L is needed to...
-
Who were some of the principal Portuguese explorers? What did they achieve and what were the ramifications of these voyages for Portugal, and the world?
-
Alex, Brook, and Charlene each began their own sole proprietorship in a GST province on January 1, 20X4. The following chart summarizes their revenue for the first two years of activity: Additional...
-
Consider x=h(y,z)as a parametrized surface in a natural way. Write the equation of the tangent plane to the surface at the point (3,2,5) given that h/y(2,5)=0 h/y(2,5)=0 and h/z(2,5)=2.
-
Job 1 - External Auditor Job 2 - Owner of Art Training School Based on the types of task performance and citizenship behaviors one would expect to be present in each of the above job settings. List...
-
Why is the labor of carpenters who repair their own homes not included in GDP?
-
Partner A received inventory items with a basis of $20,000 in complete dissolution of a partnership. Within 5 years, Partner A sells the entire inventory for $30,000. What amount and type of gain...
-
Manuel has determined that a fair rate for piecework in his garment factory is $0.70/garment. Determine the gross pay for an employee who produces the following items in one week: Day of Week...
-
List 4 techniques to manage cash flows List three types of financial statements. What is the standard rate of GST in Australia
-
Briefly explain why newspaper chains is the most difficult challenge for newspapers. Defend your choice. Use at least one example to support your stance.
-
Evenflow Power Co. is considering a new project that is a little riskier than the current operations of the company. Thus, management has decided to add an additional 1.5% to the company's overall...
-
The following errors took place in journalizing and posting transactions: (a) Cash of $12,975 received on account was recorded as a debit to Fees Earned and a credit to Cash. (b) A $3,200 purchase of...
-
During June, Plowers Company accumulated 24,000 hours of direct labor costs on Job 30 and 3,000 hours on Job 32. The total direct labor was incurred at a rate of $22 per direct labor hour for Job 30...
-
The following were selected from among the transactions complete by Wild Adventures Company during December of the current year. Dec. 3. Purchased merchandise on account from Miramar Co., list price...
-
Suppose a species of bacteria divides once every 20 minutes. You start with a single bacterium on your unrefrigerated egg-and-baloney sandwich at 8:00 am. Show that when you sit down to lunch at...
-
If two species belong to the same order, do they have to belong to the same class? Do they have to belong to the same genus?
-
The lightest and heaviest flying birds are the bee hummingbird of Cuba, which weighs about 1.6 grams, and the great bustard of Europe and Asia, which can weigh as much as 21 kilograms. Show that the...
Study smarter with the SolutionInn App