Assignment 3 Summer
HSMB 306 – Assignment #3- Summer, 2020
Refer to Sunset Hospital’s financial statements below for calculating the ratios in problems 1-6.
Statement of Operations
For the Year Ended December 31, 2018
As of December 31, 2018 (2017 omitted)
Revenues, Gains, Other Support
Cash and cash equivalents $
Net patient receivables
Total Current Assets
Properties and Equipment
Gross properties and equipment $ Less accumulated depreciation
Net Properties and Equipment 425,000
Total Assets $
Liabilities and Net Assets
Accounts Payable Salaries Payable
Total Current Liabilities
Notes Payable Unrestricted Net Assets
Total Liabilities and Net Assets $
Net patient service revenue
200,000 50,000 250,000
200,000 375,000 825,000
Excess of revenues over expenses 200,000
Increase in Unrestricted Net Assets $
1,550,000 150,000 50,000
What is Sunset Hospital’s operating margin?
What is Sunset Hospital’s days in accounts receivable?
What is Sunset Hospital’s long-term debt to net assets ratio?
What is Sunset Hospital’s age of plant?
What is Sunset Hospital’s fixed asset turnover ratio?
What is Sunset Hospital’s days cash on hand?