1. What was the key turning point at Moab?

	a.	A new CFO with solid experience
	b.	The end of the longstanding feud between the previous CEO and CFO when they left
	c.	The difficulty the local community had with the millions of tourists who visited the area annually,
	d.	Both a and b are correct.

2. How did the relationship between the previous CEO and previous CFO affect hospital operations?

	a.	The previous CEO and previous CFO eventually were able to resolve their differences and operations began to improve.
	b.	Since these were separate positions with independent responsibilities their relationship and communications didn't matter that much.
	c.	The feud and lack of communications between them were highly detrimental to hospital operations.
	d.	All of the above are correct.

3. Net Patient Revenue at Moab has steadily increased since 2011, yet Operating Income (Net Patient Revenue minus Total Operating Expenses) dropped a bit in 2015 compared to 2014. Why? See Income Statement on Page 237

	a.	Because Total Operating Expense was also increasing year by year and outpaced the growth in Net patient revenues in 2015.
	b.	Because sometimes the numbers just don't add up,
	c.	Because of reduced inpatient revenue in 2015 due to weather related events,
	d.	Because the new CEO wanted to manage expectations with the Board and didn't want them to expect increases in Operating Income every year,
	e.	All of the answers above are correct.

4. The Current Ratio provides a measure of liquidity (i.e. the firm's access to cash and short-term assets that allows it to pay it's bills) and is computed by dividing Total Current Assets by Total Current Liabilities. What is Moab's Current Ratio for 2012?

	a.	51
	b.	2.33
	c.	1.98
	d.	1.62

5. What is Moab's Current Ratio for 2015?

	a.	1.51
	b.	3.73
	c.	4.65
	d.	6.14