Question: What is the Return on Assets Ratio, Current Ratio, Days Cash on Hand, and Average Collection Period/Days in Accounts Receivable for the Heart Hospital? Please
What is the Return on Assets Ratio, Current Ratio, Days Cash on Hand, and Average Collection Period/Days in Accounts Receivable for the Heart Hospital?
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Return on Assets Ratio:
A: 12.2%
B: 23.28%
C: 45.7%
D: Not enough information provided
Current Ratio:
A: 2.45 times
B: 4.5 times
C: 5.4 times
D: 1.2 times
Days Cash on Hand
A: 108.4 days
B: 120 days
C: 88.1 days
D: 98.7 days
Average Collection Period/Days in Accounts Receivable
A: 12.3 days
B: 24.15 days
C: 30.0 days
D: 33.5 days
The Heart Hospital Statement of Operations Year Ended September, 30, 2018 (in thousands) Revenues: Patient Service Revenue net of Discounts and Allowances Provision for Bad Debt Net Patient Service Revenue S 72,460 S_(4.457 S 68,003 Operating Expenses: Personnel Expense Medical Supplies Expense Other Operating Expense Depreciation Expense Interest Expense S 22,500 S 15,04"7 S 11,350 S4,500 S2,800 S 56,1917 S 11,806 Total Operating Expense Income from Operations Other Income: Other Income, Net Total Other Income (Expenses), NetS S1,280 1,280 S 13,086 Net Income The Heart Hospital Balance Sheet As of September 30, 2018 (in thousands) 2018 Current Assets Cash Accounts Receivable, Net Medical Supplies Inventory S13,980 S4,500 S1,640 Prepaid Expense and Other Current Assets $ 1,429 S 21,549 S 33,769 901 S 56,219 Total Current Assets Property, Plant and Equipment, Net Other Assets Total Assets Current Liabilitie:s Accounts Pavable Accrued Compensation and Benefits Other Accrued Liabilities Current Portion of Long-Term Debt S2,100 S2,543 S 2,100 S2,064 S8,807 S19,982 S28,789 S27,430 S 56,219 Total Current Liabilities Long-Term Debt Total Liabilities Owners' Equity Total Liabilities and Owners' Equity
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