Financial Analysis Using the financial statements from the Major Medical Center Case Study at the end of chapter 15 (Financial Management for Public Health and non-profit Management 4th addition, Page #552), analyze the following:

• Review the auditor’s opinion letter and analyze any concerns.

• Review the financial statements. Analyze any unusual items and examine the balance sheet, operating statement, and cash flow statement.

• Review the notes and analyze any causes for concern.

• Calculate the following ratios using Excel: common size, current, quick, days of cash on hand, receivables turnover, average collection period, fixed asset turnover, total asset turnover, debt, debt to equity, times-interest-earned, operating margin, total margin, ROA, and RONA.

• Evaluate Major Medical Center’s financial status.

Answer rating: 100% (QA)

Review of opinion letter Do to the reviewing of the letter we can know below 1 It acts as moral check on the employees from committing defalcation or embezzlement 2 Audited statements of account are h... View the full answer