1: Ratio Analysis It is essential to understand that when interpreting financial statements, the numbers alone may not provide the whole economic picture of an organization. Instead, you must analyze the statements using ratios, then compare them to healthcare industry benchmarks. For this Assignment, you will examine the financial documents for Hidden Hollow Community Hospital and analyze the organization's economic health. Hidden Hollow Community Hospital Hidden Hollow Community Hospital is a small community hospital serving a rural population. The adjusted discharges are 3.30 for the 1st year and 3.10 for the 2nd. Hidden Hollow Community Hospital Statement of Operations (in thousands) for the Years Ended December 31, 2022 and 2023 2022 2023 Revenues Net patient service revenue $22,000 $19,000 Net assets released from restriction 1,000 800 Total operating revenues 23,000 19,800 Expenses Salaries and benefits 11,000 8,000 Supplies and other expenses 7,000 6,000 Depreciation 2,500 2,100 General services 300 520 Total operating expenses 20,800 16,620 Operating income 1,250 4,200 Non-operating income 3,500 2,200 Excess of revenues over expenses 4,750 6,400 Increase (decrease) in net assets $4,750 $6,400 Hidden Hollow Community Hospital Balance Sheet (in thousands) for the Years Ended December 31, 2022 and 2023 2022 2023 Current assets Cash and cash equivalents $600 $400 Net patient receivables 4,000 3,500 Inventory 1,000 900 Total current assets 5,600 4,800 Non-current assets Plant, property, and equipment Gross plant, property, and equipment