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Question

Use the information below to answer the following questions.

ROCKY HILLS HOSPITAL

Balance Sheet

12/31/200X

Assets

200X

Current Assets*

$ 2,438,776

Fixed Assets

5,874,231

Other Assets

558,432

Total Assets

$ 8,871,439

Liabilities and Fund Balances

Current Liabilities

Accounts and notes payable

$345,798

Staffing and payroll-related

Other short-term payables

841,621

10,102

Total Current Liabilities

$ 1,197,521

Long-Term Liabilities

Long-term debt

$5,950,728

Note payable

2,000,000

Total Long-Term Liabilities

$ 7,950,728

Total Liabilities

$9,178,249

Fund Balance

$ (276,810)

Total Liabilities and Fund Balance

*Includes $1,438,776 in patient accounts receivable

$ 8871,439

ROCKY HILLS HOSPITAL

Income Statement

1/1/200X-12/31/200X

Revenues from Operations

200X

Patient Services

$2,855,500

Less Contractual Allowances

24,645

Net Patient Service: Revenue

$2,830,865

Net Other Revenues

123,744

Total Revenue from Operations

$2,954,609

Expenses from Operations

Salaries and Expenses

$1,124,818

Management Salaries and Expenses

305,720

Other Salaries and Expenses

213,412

Supplies and Books

486,257

Utilities

38,110

Depreciation

542,333

Interest and Other

305,124

Total Expenses from Operations

$3,015,774

1) Referring to the information given, compute the current ratio.
2) Referring to the information given, compute the operating margin ratio
3) Referring to the information given, compute the days of revenue in patient accounts receivable
4) Referring to the information given, compute the return on assets
5) Referring to the information given, how much depreciation expense would the hospital incur each year for the optical imaging components?
6) Referring to the information given, what is the payback period for the optical imaging system components only?

Answer

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