Compute for 2012 the following 1.Compute ABC Healthcare's fixed asset turnover ratio. 2.Compute ABC Healthcare's return on
Question:
Compute for 2012 the following
1.Compute ABC Healthcare's fixed asset turnover ratio.
2.Compute ABC Healthcare's return on total assets.
3.Compute ABC Healthcare's operating margin.
Asset TurnoverAsset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
Transcribed Image Text:
2011 2012 Cash and Short-Term $34,094,076 $11,863,992 Investments Receivables 13,036,037 15,112,834 Other Current Assets 3,650,374 6,306,384 $50,780,487 $33,283,210 Total Current Assets Long-Term Investments Property, Plant and Equipment $134,233,202 $126,679,509 1,108,330 2,216,891 $186,122,019 $162,179,610 Total Assets $66,950,203 3,949,442 91,279,965 $186,122,019 $162,179,610 $70,301,625 Current Liabilities Long-term Liabilities 4,017,789 Net Assets 111,802,605 Total Liabilities and Net Assets Member Months 4,820,351 4,721,314 $512,600,104 $515,079,684 Premium Revenue Medicaid Revenue 58,969,632 63,979,870 Investment Income 8,637,915 $580,207,651 $585,700,523 6,640,969 Total 157,313,074 148,868,294 Physician Services Other Professional 23,733,163 21,526,611 Inpatient 110,813,471 113,989,688 4,677,527 Incentive Pool 1,834,583 Outpatient Pharmacy 103,981,202 97,746,260 62,764,866 67,567,497 Access Fees 341,685 402,285 Reinsurance 2,321,544 1,682,121 Coordination of Benefits -434,217 $462,669,371 $456,380,186 -80,097 Total Medical & Hospital Administration 76,772,846 76,807,222 Total Expenses $539,442,217 $533,187,408 Income Before Tax 40,765,434 52,513,115 - Tax 12,685,285 17,682,052 $28,080,149 $34,831,063 Net Income
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Compute for 2012 1 Compute ABC Healthcares fixed asset turnover ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Question Posted:
Students also viewed these Managerial Accounting questions
-
Assume you work as a staff member in a large accounting department for a multinational public company. Your job requires you to review documents relating to the company's equipment purchases. Upon...
-
The following data were included in a recent Apple Inc. annual report (in millions): Required: 1. Compute Apples fixed asset turnover ratio for 2011, 2012, and 2013. Round your answer to one decimal...
-
Listed below are the balance sheet and statement of operations for Wynn Memorial 1. Compute Wynn Memorial Nursing Home's current ratio. 2. Compute Wynn Memorial Nursing Home's acid (or acid-test)...
-
Exhibits 7.17 and 7.18 provide footnote excerpts to the financial reports of The Coca-Cola Company and Eli Lilly and Company that discuss the stock option grants given to the employees of the two...
-
Redo Problem 9.104 if the water pump has an isentropic efficiency of 85% (hose, nozzle included).
-
What are business rules? List some business rules for competition pattern.
-
P(z < 2.32) Find the indicated probability using the standard normal distribution. If convenient, use technology to find the probability.
-
In Problem, suppose that the objective is to minimize the cost of books and that the student total study time is limited to 12,600 hours. A business student at Nowledge College must complete a total...
-
The graph of a function f is given. (Enter your answers as comma-separated lists.) x (a) At what numbers a does lim f(x) not exist? a= x-a (b) At what numbers a is f not continuous? a = (c) At what...
-
On July 1, 2016, Hargrove Corporation issued a 2-year note with a face value of $4,000,000 and a fixed interest rate of 9%, payable on a semiannual basis. On January 15, 2017, the company entered...
-
Madtack Company uses a job-order costing system and started the month of March with only one job in process (Job #359). This job had $5,000 of total cost assigned to it at the beginning of March....
-
Curtis Klassen was reviewing his files when we noticed that he was missing some information that he needed to prepare a presentation on the recent month's performance that he is scheduled to make in...
-
Describe and correct the error made in finding mA. A B 120 # 50 -C Opposite angles of a kite are congruent, so mA = 50. x
-
What is the magnitude and angle of a resultant that is the sum of the vectors u = ( 3 m ) i - ( 2 m ) j and v = ( 2 m ) i - ( 5 m ) j . 8 . 6 m , 3 2 4 degrees counter clockwise from + x - axis 7 . 3...
-
In light of the multifaceted challenges posed by the rise of hunger, unemployment, and poverty in America, as discussed in Alan Shapiro's "The Rise of Hunger, Unemployment Unemployment & Poverty in...
-
Calculate the thickness of a cadmium thin film needed to reduce the flux of thermal neutrons by 1 0 0 times. Neutron capture cross - section for Cadmium is sigma = 2 . 4 5 kb , density rho = 8 . 6 5...
-
Make a class to perform following tasks: You are working on a program that will manage a list of appointments for a doctor's office. Each appointment should contain the following information: patient...
-
If you were to drop a rock from a tall building, assuming that it had not yet hit the ground, and neglecting air resistance, after 4 s: How fast ( speed ) would it be traveling ( in m / s ) ? Remeber...
-
The unadjusted trial balance for Sierra Corp. is shown in Illustration 4.5 . Instead of the adjusting entries shown in the text at October 31, assume the following adjustment data. 1. Supplies on...
-
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
-
A polymerization process produced a Gaussian distribution of polymers in the sense that the proportion of molecules having a molar mass in the range M to M + dM was proportional to e-(M-M)2/2YdM....
-
Use eqn 19.27 to deduce expressions for (a) The root mean square separation of the ends of the chain, (b) The mean separation of the ends, and (c) Their most probable separation. Evaluate these three...
-
Evaluate the radius of gyration, Rg, of (a) A solid sphere of radius a, (b) A long straight rod of radius a and length I. Show that in the case of a solid sphere of specific volume v" Rg/nm =...
-
You are a supervisor at your company. You've overheard Employee A making offensive comments to other employees, and Employee B has complained about these comments. You've given Employee A a verbal...
-
What is the probability of developing and dying from cancer today?
-
On January 1, 2024, Majestic Mantles leased a lathe from Equipment Leasing under a finance lease. Lease payments are made annually. Title does not transfer to the lessee and there is no purchase...
Study smarter with the SolutionInn App