Start by examining the Mayo Clinic 2011 Financial Statements. 2010 and 2011 totals are included in the same report. Use what you learned in Chapter 7 to address the following issues:
Operations Effectiveness. Does it appear that the Mayo Clinic management team is operating effectively as a nonprofit organization? Are they controlling operations? Why or why not? What evidence can you use to determine operational effectiveness?
Accounting Performance. Discuss the performance of the Mayo Clinics revenue cycle, accounts receivables, cash flow, and inventory. Your analysis should compare the Mayo Clinics performance between 2010 and 2011 to justify your conclusions.
Your response should be no more than 1,000 words, incorporate at least four financial concepts from the course and may include a spreadsheet to demonstrate your calculations.