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?
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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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