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Health Care Case Study: Financial Statements

HCS405

University of Phoenix

Health Care Case Study: Financial Statements

First note that the financial statements are expressed in thousands. Any numbers you use from the statements need to have zeros added to the end. A number listed as 1,000 on the statement is really 1,000,000. As to the financial ratios, they are not all improving. The first six ratios are the Current, Quick, Days Cash, A/R Days Debt Service Coverage and Liabilities to Net Worth. These six were worse in 2009 than in 2008. However, the two remaining ratios (the Operating Margin and Return on Total Assets) have both improved.

On the Statement of Revenue and Expense the audited and unaudited financial statements differ in the expense category. A major deduction from revenue classification is the provision for doubtful accounts. Reporting provided for third party accounts must show the provision for doubtful accounts separately as an expense item (Baker & Baker, 2011). The...