ANSWER ALL THE FOLLOWING ESSAY QUESTIONS:
1. Write down difference between Horizontal and Vertical analysis?
2. From the following Information prepare Statement of Operations:
v Net patient revenues 720,000
v Interest expense 18,000
v Net assets released from restriction for operations 220,000
v Depreciation expense 65,000
v Labour expense 444,000
v Provision for bad debt 7,000
v Supply expense 144,000
3. Discuss in your own words categories of financial ratios?
Note: Answer of each question should be at least 50 words and it should be in your own words.