Question: 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
Listed below are the balance sheet and statement of operations for Wynn Memorial
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1. Compute Wynn Memorial Nursing Home's current ratio.
2. Compute Wynn Memorial Nursing Home's acid (or acid-test) ratio.
3. Compute Wynn Memorial Nursing Home's days in accounts receivable
4. Compute Wynn Memorial Nursing Home's average payment period .
5. Compute Wynn Memorial Nursing Home's long-term debt to net assets ratio
6. Compute Wynn Memorial Nursing Home's net assets to total assets ratio.
7. Compute Wynn Memorial Nursing Home's total asset turnover ratio.
8. Compute Wynn Memorial Nursing Home's fixed asset turnover ratio.
9. Compute Wynn Memorial Nursing Home's return on total assets.
10. Compute Wynn Memorial Nursing Home is operatingmargin.
Nursing Home for the years ending 2007 and 2008 Balance Sheet (in 000) Items 2008 2007 Current Assets Cash & Cash Equivalents Net Patient Receivables Prepaid Expenses 295 S 405 S 350 S 50 235 80 365 Total Current Assets Plant, Property, & Equipment Gross Prop, Plant, & Equip (Less Accum Depreciation) Net Plant, Property, & Equip Construction in Progress 300 50 250 280 S 203 S 888 S Total Assets 615 Current Liabilities 220 S Accounts Payable Salaries Payable 190 50 240 Total Current Liabilities 295S Long-term Liabilities Bonds Payable Total Long-term Liabilities 100 S 100 S 493 S 888 S 20 20 355 615 Net Assets Total Liabilities and Net Assets Statement of Operations (in 000) Revenues: Net Patient Service Revenue Other Revenue 1.400 S 200 S 1,600 S 1,200 200 1.400 Total Revenues Expenses 1,320 S 110 S Nursing Services Administrative Services Depreciation General Services 1,150 100 15 35 1,300 100 100 100 1,500 S 100 S 100 S 100 S Total Expenses Operating Income Excess of Revenues over Expenses Increase in Net Assets
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1 Compute Wynn Memorial Nursing Homes current ratio 2008 2007 Current Ratio Current AssetsCurrent Liabilities The current ratio refers to the relation ship between the total current assets and current ... View full answer
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68-B-F-F-M (2141).xlsx
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