1. Review the "Ratio Analysis Practice Problem" to understand how ratios were calculated with 2019 data. Then, using the financial statements for Bobcat Hospital in Chapter 3, calculate the following ratios for 2020:
   • Current ratio
   • Collection period ratio
   • Days cash on hand, all sources, ratio
   • Days cash on hand, short-term sources, ratio
   • Average payment period ratio
   • Operating margin ratio
   • Total margin ratio
   • Return on net assets ratio
   • Total asset turnover ratio
   • Average age of plant ratio
   • Fixed asset turnover ratio
   • Current asset turnover ratio
   • Inventory turnover ratio
   • Net asset financing ratio
   • Long-term debt to capitalization ratio
   • Debt service coverage ratio
   • Cash flow to debt ratio
2. Indicate whether each 2020 ratio is better or worse than the 2019 ratio.
3. Indicate whether the 2020 ratios are better or worse than the benchmarks using the Optum medians for each ratio (see exhibit 3.5 in the text).
4. Examine the 2019 and 2020 ratios and assess the hospital's financial performance. Is the hospital in better or worse financial shape in 2020 as compared to 2019?
5. If you were COO of Bobcat Hospital, how would you use this ratio data to make decisions for 2021?