Problem:
I need to list the financial ratios for 227-bed Hollywood Community Hospital. Assess the profitability, liquidity, activity, and capital structure of Hollywood for 20X1. In bullet format explain why these financials measures changed between 20X0 and 20X1.
Balance Sheet for Dogwood Community Hospital
Dogwood Community Hospital Balance Sheet (in '000) For the Years Ended December 31, 20X1 and 20X0
20X1 20X0
Current Assets
Cash and Cash Equivalents Net Patient Receivables Prepaid Expenses $30 $50
Net Patient Receivables 295 235
Prepaid Expenses 80 80
Total Current Assets 405 365
Non-Current Assets
Plant, Property, & Equipment
Gross Plant, Property, & Equipment 350 300
(less Accumulated Depreciation) (70) (50)
Net Plant, Property, & Equipment
Construction in Progress 203 0
Total Assets $888 $615
Current Liabilities
Accounts Payable $220 $190
.Salaries Payable 75 50
Total Current Liabilities 295 240
Long-Term Liabilities
Bonds Payable 100 20
Total Long-Term Liabilities 100 20
Net Assets 493 355
Total Liabilities and Net Assets $888 $615