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.