Hcs/405 Week 4 Team: Patton Fuller Ratio Computation

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Patton-Fuller Ratio Computation

Compute the eight ratios—as shown in Chapter 11—for Patton-Fuller Hospital based on its unaudited financial statements and critique its operating results and financial position.

Ratio by ratio, do you agree or disagree with the CEO’s report to the Board?

Read the Annual Report and the audited financial statements, and re-compute those same ratios using the audited financial statements.

• Considerthe financial performance before the audit, and after the audit.

What has changed and how significant is that change?

What plans should the hospital Board make for next year and the next five years?

Current Ratio

Current Assets

Current Liabilities

Quick Ratio

Cash and Cash Equivalents + Net Receivables

Current Liabilities

2009

Current Ratio

(Current Assets)/(Current Liabilities)

128,867/23,807=5.41

2009

Quick Ratio

(Cash & Cash Equivalents+Net Recievables)/(Current Liabilities)

82,782/23,807=3.477

3. Days Cash on Hand (DCOH)

Unrestricted Cash and Cash Equivalents

Cash Operation Expenses ÷ No. of Days in Period (365)

4. Days Receivables

Net Receivables

Net Credit Revenues ÷ No. of Days in Period (365)

2009 2009

Unrestricted Cash and Cash Equivalents

Cash Operation Expenses ÷ No. of Days in Period(365) Net Receivables

Net Credit Revenues ÷ No. of Days in Period (365)

22995/426257/365=1167.83/22995=19.69

59787/459900/365=1260 59787/1260=47.45

Solvency Ratios

5) Debt Service Coverage Ratio (DSCR)

Change in Unrestricted Net Assets (Net Income)+ Interest, Depreciation, Amortization

Maximum Annual Debt Service

6) Liabilities to Fund Balance

Total Liabilities

Unrestricted Fund Balances

2009

Solvency Ratios

█(@Change in Unrestricted Net Assets (Net Income)+Interest,deprieciation,amortization)/█(Maximum Annual Debt Service@)

((209471)+3708+36036)/14609=2.76

2009

Solvency Ratios...

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