Not-for-Profit Hospital Financial Statement Analysis. Examine the financial statements for Oak Valley Hospital for the years ended December 31, 2010, and 2011.
Required
Prepare a short answer to address each of the following questions.
a. Discuss the relative importance of different classifications of assets to total assets. What additional information would you expect to find in the notes to the financial statements about major classification of assets?
b. Describe how net patient service revenue likely differs from gross patient revenue.
c. Did this hospital have a profitable year? Why or why not?
d. What is the best explanation for the change in cash for the most recent year? For the previous year?