Compute Wynn Memorial Nursing Home's days in accounts receivable. Compute Wynn Memorial Nursing Home's average payment period.
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Compute Wynn Memorial Nursing Home's days in accounts receivable.
Compute Wynn Memorial Nursing Home's average payment period.
Transcribed Text: Balance Sheet for Wynn Memorial Nursing Home Wynn Memorial Nursing Home Balance Sheet (in 000) For the Years Ending December 31, 2009 and 2008 2009 2008 Current Assets: Cash and Cash Equivalents $30 $50 Net Patient Receivables 295 235 Prepaid Expenses 80 80 Total Current Assets 405 365 Plant, Property, & Equipment Gross Plant, Property, & Equipment 350 300 (less Accumulated Depreciation) (70) (50) Net Plant, Property, & Equipment 280 250 Construction in Progress 203 0 Total Assets $888 $615 Current Liabilities: Accounts Payable $220 $190 Salaries Payable 75 50 Total Current Liabilities 295 240 Long-Term Liabilities: Bonds Payable 100 20 Total Long-Term Liabilities 100 20 Net Assets 493 355 1ibit 4-19a Statement of Operations for Wynn Memoriz Wynn Memorial Nursing Home Statement of Operations (in 000) For the Years Ended December 31, 2009 and 2008 2009 2008 Revenues: Net Patient Service Revenue $1,400 $1,200 Other Revenue 200 200 Total Revenues 1,600 1,400 Expenses: Nursing Services 1,320 1,150 Administrative Services 110 100 Depreciation 20 15 General Services 50 35 Total Expenses 1,500 1,300 Operating Income 100 100 Excess of Revenues over Expenses 100 100
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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