HSMB 306 – Assignment #3- Summer, 2020
Refer to Sunset Hospital’s financial statements below for calculating the ratios in problems 1-6.
Sunset Hospital
Statement of Operations
For the Year Ended December 31, 2018
Sunset Hospital
Balance Sheet
As of December 31, 2018 (2017 omitted)
Revenues, Gains, Other Support
Assets
Current Assets
Cash and cash equivalents $
Net patient receivables
Total Current Assets
Properties and Equipment
Gross properties and equipment $ Less accumulated depreciation
Net Properties and Equipment 425,000
Total Assets $
Liabilities and Net Assets
Current Liabilities
Accounts Payable Salaries Payable
Total Current Liabilities
Notes Payable Unrestricted Net Assets
Total Liabilities and Net Assets $
Net patient service revenue
Other revenue
Total Revenue
Expenses
$
1,500,000
200,000
1,700,000
Nursing Services
Administrative Services
Depreciation 100,000
50,000
350,000
400,000
900,000 475,000
825,000
200,000 50,000 250,000
200,000 375,000 825,000
1,200,000 200,000
Other Expenses
Total Expenses
Operating Income
Investment Income
Excess of revenues over expenses 200,000
Increase in Unrestricted Net Assets $
50,000
1,550,000 150,000 50,000
200,000
1
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