Question: What is the Return on Assets Ratio, Current Ratio, Days Cash on Hand and Average Collection Period / Days in Accounts Receivable for Jackson Hospital

What is the Return on Assets Ratio, Current Ratio, Days Cash on Hand and Average Collection Period / Days in Accounts Receivable for Jackson Hospital in 2018?

Please look at the images and also the options that are available for answers

What is the Return on Assets Ratio, Current Ratio, Days Cash onHand and Average Collection Period / Days in Accounts Receivable for JacksonHospital in 2018? Please look at the images and also the options

Return on Assets Ratio

A: 1.6%

B: 3.2%

C: 8.40%

D: 13.36%

Current Ratio

A: 1.7 times

B: 2.8 %

C: 1.9 times

D: 2.4 times

Days Cash on Hand

A: 12.1 days

B: 18.9 days

C: 35.00 days

D: 51.18 days

Average Collection Period / Days in Accounts Receivable

A: 15.85 days

B: 48.13 days

C: 67.23 days

D: 82.39 days

Jackson Hospital Balance Sheet As of December 31, 2018 Cash and Equivalents Short-Term Investments Net Patient Accounts Receivable Inventories 2018 S 9,800 S 2,800 $ 18,640 S 2,982 S 34,222 This is a formula Total Current Assets Gross Property and Equipment Accumulated Depreciation $150,650 $ 35,880 $114,770 This is a formula Net Property and Equipment Total Assets Accounts Payable Accrued Expenses Notes Payable $148,992_This is a formula $ 6,200 $ 5,421 S6,237 $ 17,858 This is a formula Total Current Liabilities$ 30,900 Long-Term Debt Capital Obligations $ 1,442 S 32,342 This is a formula $ 98,792 Lease Total Long-Term Liabilities Net (Equity) Total Liabilities and Net Assets Assets $148,992 This is a formula Jackson Hospital Income Statement Year Ended As of December 31, 2018 Revenues: 2018 Patient Service Revenue $ Less: Provision for Bad Debts $ Net Patient Service Revenu $ Premium Revenue $ Other Revenue 105.697 4,500 101,197 This is a formula 4,822 6,014 S112,033 This is a formula Net Operating Revenues$ Expenses Nursing Services48,200 4,718 $ General Services 11,655 S Administrative Services 11,585 S Employee Health and10,705 1,204 4,500 1,800 S Dietary Services Welfare $ Malpractice Insurance Depreciation S Interest Expense S Total Expenses S Operating Income 94,367 This is a formula 17,666 This is a formula 2,240 Non-operating Income Net Income S19,906 This is a formula Jackson Hospital Statement of Cash Flows Year Ended As of December 31, 2018 Cash Flows From Operating Activities Operating Income Adjustments: S 6,675 S 4,500 S (1,102) S (295) S (438) Depreciatio Increase in Accounts Receivable Increase in Inventories Decrease in Accounts Payable Increase in Accrued Expenses 446 S 9,786 This is a formula Net Cash Flow from Operations Cash Flow From Investing Activities Investment in Property and Equipment Investment in Short Term Securities s (4,293) S (2,000) S(6,293) This is a formula Net Cash Flow from Investing Cash Flows From Financing Activities: Nonoperating Income Repayment of Long-Term Debt Repayment of Notes Payable Capital Lease Principal Repayment S 3,240 s (2,150) S (3,262) 475 S(2,647) This is a formula Net Cash Flow From Investing Net Increase (Decrease) in Cash and Equivalents 846 This is a formula S 3,095 Beginning Cash and Equivalents Ending Cash and Equivalents S-3.941

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