Question: Answer the following questions; please show your work. Your facility has $789,456 in assets and $356,987 in liabilities. What is your available working capital? (10

Answer the following questions; please show your work.

  1. Your facility has $789,456 in assets and $356,987 in liabilities. What is your available working capital? (10 points)
  2. Your facility has $396,399 available in working capital. With $589,118 in assets, what does the facility currently owe? (10 points)
  3. Your facility has an available working capital of of $247,831. With $126,741 in liabilities, what are your assets? (10 points)
  4. A facility has current liabilities of $448,923 and current assets of $562,244. What is the facilitys current ratio? (10 points)
  5. A facility has current liabilities of $496,277 and current net assets of $199,896. What is the facilitys current ratio? (10 points)
  6. Your facility has 195 residents and it requires 14 labor minutes per meal. How many labor hours are required per week? (10 points)
  7. Last years food costs for your 130-bed facility were $172,430. Your facility had an average occupancy rate of 91% last year. What was the food cost per patient day (PPD)? (20 points)
  8. If your assisted living facility needs to purchase a piece of equipment 5 years from today, and you can invest 6% compound interest, how much would your facility have to invest today to have approximately $13,382 in 4 years? (20 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!