week 10.3

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Megatropolis Hospital

Statement of Operations

For the Year Ended December 31, 2010

Revenues, Gains, Other Support

Net patient service revenue                                                                         $             1,500,000

Other revenue                                                                                                             200,000

Total Revenue                                                                                                    1,700,000


Nursing Services                                                                                                       1,200,000

Administrative Services                                                                                               200,000

Depreciation                                                                                                                100,000

Other Expenses                                                                                                             50,000

Total Expenses                                                                                                   1,550,000

Operating Income                                                                                                        150,000

Investment Income                                                                                                        50,000

Excess of revenues over expenses                                                                                 200,000

Increase in Unrestricted Net Assets                                                              $                200,000

Megatropolis Hospital

Balance Sheet

As of December 31, 2010 (2009 omitted)


Current Assets

Cash and cash equivalents                                                                           $                  50,000

Net patient receivables                                                                                                 350,000

TotalCurrent Assets                                                                                              400,000

Properties and Equipment

Gross properties and equipment                                                                   $                900,000

Less accumulated depreciation                                                                                     475,000

Net Properties and Equipment                                                                                425,000

Total Assets                                                                                          $                825,000

Liabilities and Net Assets

Current Liabilities

Accounts Payable                                                                                       $                200,000

Salaries Payable                                                                                                            50,000

Total Current Liabilities                                                                        $                250,000

Notes Payable                                                                                                              200,000

Unrestricted Net Assets                                                                                                375,000

Total Liabilities and Net Assets                                                              $                825,000

1.      What is Megatropolis Hospital’s operating margin?

2.      What is Megatropolis Hospital’s days in accounts receivable?

3.      What is Megatropolis Hospital’s long-term debt to net assets ratio?

4.      What is Megatropolis Hospital’s age of plant?

5.      What is Megatropolis Hospital’s fixed asset turnover ratio?

6.      What is Megatropolis Hospital’s days cash on hand?

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