Years ending December 31st
Current Assets 2008 2009
Cash and Cash Equivalents $30 $50
Net Pateint Receievables $295 $235
Prepaid Expenses 80 80
Total Current Assets $405 $365
Plant, Property and Equipment
Gross Plant, Property and Equipment $350 $300
(less Accumalated Depreciation) (70) (50)
Net Plant, Property and Equipment $280 $250
Construction in Progress $203 0
Total Assets $888 $615
Current Liabilities
Accounta Payable $220 $190
Salaries payable 75 50
Total Current Liabilities $295 $240
Long Term Liabilities:
Bonds Payable 100 20
Total Long Term Liabilities 100 20
Net Assets 493 355
Revenues 2008 2009
Net patient service revenue $1400 1200
other revenue 200 200
Total Revenues $1600 $1400
Expenses
Nursing services $1320 $1150
Administartion Services 110 100
Depreciation 20 15
General Services 50 35
Total Expenses $1500 $1300
Operatiing Income 100 100
Excess of Revenues Over Expenses 100 100
Compute Wynn Memorial Nursing Home’s days in accounts receivable
Compute Wynn Memorial Nursing Home’s acid (or acid-test) ratio
Compute Wynn Memorial Nursing Home’s net assets to total assets ratio
Compute Wynn Memorial Nursing Home’s fixed asset turnover ratio.
Compute Wynn Memorial Nursing Home’s return on total assets.
Compute Wynn Memorial Nursing Home’s operating margin.
Compute Wynn Memorial Nursing Home’s average payment period.