Question: Review the Ratio Analysis Practice Problem to understand how ratios were calculated with 2 0 1 9 data. Then, using the financial statements for Bobcat

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
Indicate whether each 2020 ratio is better or worse than the 2019 ratio.
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).

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