Question

The following information is extracted from Alpha Hospital’s balance sheet. Compute (a) Alpha’s current ratio and (b) the number of days’ revenue in patient accounts receivable. (Alpha reported net patient service revenue of $ 76,245,000.)
Cash and cash equivalents ........ $ 5,432,000
Short- term investments ......... 2,317,000
Long- term investments ......... 15,641,000
Patient accounts receivable, net ....... 10,903,000
Supplies inventory ............ 1,815,000
Current portion of long- term debt ..... 2,900,000
Long- term debt, net of current portion .... 22,600,000
Accounts payable and accrued expenses .... 5,615,000



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  • CreatedDecember 30, 2014
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