Question: help find the common size ratio for the following statement of operations. Major Medical Center December 31, 2024 December 31, 2023 Percent $000s Percent $000s
help find the common size ratio for the following statement of operations. Major Medical Center December 31, 2024 December 31, 2023 Percent $000s Percent $000s Operating revenue Net patient service revenue $402,921 $369,512 Other revenue (Note 12) 13,356 13,850 Net assets released from restrictions 4,708 2,863 Total operating revenue $420,985 $386,225 Operating expenses Salaries and wages $207,141 $196,453 Employee benefits 44,456 44,860 Supplies and expenses 137,505 117,838 Depreciation and amortization 22,541 18,856 Research 2,457 2,214 Interest 4,456 5,253 Total operating expenses $418,556 $385,474 Operating income $2,429 $751 Net assets released from restrictions used for capital acquisitions 139 146 Increase in net assets without donor restrictions $2,568 $897
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
