The following information is extracted from Beta Hospitals financial statements. Compute Betas operating margin, total margin, debt
Question:
The following information is extracted from Beta Hospital’s financial statements. Compute Beta’s operating margin, total margin, debt service coverage, and times interestearned.
Transcribed Image Text:
Net patient service revenue Operating expenses Depreciation and amortization Interest on long-term borrowings Provision for bad debts $75,458,000 $62,490,000 3.765,000 2,200,000 3,000,000 Operating income Investment income Excess of revenues over expenses Principal payment on debt 71,455,000 4,003,000 500,000 4,503,000 $ 3,000,000
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Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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