Question: can someone explain to me with these examples how to do Current Ratio Quick Ratio Acid Test Ratio Days in Accounts Receivable Days Cash on


can someone explain to me with these examples how to do
Current Ratio
Quick Ratio
Acid Test Ratio
Days in Accounts Receivable
Days Cash on Hand
Average Payment Period (Days)
Operating Revenue per Adjusted Discharge
Operating Expense per Adjusted Discharge
Salary & Benefit Exp. as % of Operating Exp.
Operating Margin
Non-Operating Revenue
Return on Total Assets
Return on Net Assets
Total Asset Turnover Ratio
Fixed Asset Turnover Ratio
Age of Plant Ratio
Long-Term Debt to Net Assets
Net Assets to Total Assets


2018 2019 Revenues Net patient service revenue $23,000 $22,500 Net assets released from restriction 1,000 800 Total operating revenues 24,000 23,300 Expenses Salaries and benefits 10,500 9,000 Supplies and other expenses 7,000 5,000 Depreciation 3,500 2,500 General services 300 520 Total operating expenses 21,300 17,020 Operating income 4,520 1,200 Non-operating income 3,500 2,200 Excess of revenues over expenses 8,020 3,400 Increase (decrease) in net assets $8,020 $3,400 Current assets Cash and cash equivalents Net patient receivables Inventory Total current assets Non-current assets Plant, property, and equipment Gross plant, property, and equipment (less accumulated depreciation) Net plant, property, and equipment Board-designated funds Total assets Current liabilities Accounts payable Accrued expenses Total current liabilities Long-term liabilities Bonds payable Total long-term liabilities Net assets Total liabilities and net assets 201 8 $L100 4200 L200 1500 35,000 (18,000) 17,000 19,000 42,500 3,500 850 4,350 6,500 6,500 31,650 $42,500 2019 $800 3500 1A00 5400 32,000 (17,000) 15,000 10,000 30,400 3,400 900 4,300 6,550 6,550 19,550 $30,400
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
