- Review the income statement which is Exhibit 11.2 on page 327 of our text and the balance sheet which is Exhibit 12.2 on page 356.
- Describe the differences or changes from 2015 to 2016 relating to the income and expenses of the firm.
Homework Answers
| 2016 | % of revenue | 2015 | % of revenue | Change 2016 vs. 2015 | % YoY change | Comment | |
| Operating revenues | |||||||
| Patient service revenue | 150,118 | 123,565 | 26,553 | 21.5% | Patient service increased 21.5% yoy in 2016 | ||
| Less: Provision for bad debts | 2,000 | 1.3% | 1,800 | 1.5% | 200 | 11.1% |
Provision of bad debt declined to 1.3% from 1.5% last year |
| Net patient revenue | 148,118 | 121,765 | 26,353 | 21.6% | Net patient revenue increase 21.6% yoy in 2016 | ||
| Premium revenue | 18,782 | 16,455 | 2,327 | 14.1% | Premium revenue increased 14.1% yoy | ||
| Other revenue | 3,079 | 2,704 | 375 | 13.9% | Other revenue up 13.9% yoy | ||
| Net operating revenue | 169,979 | 140,924 | 29,055 | 20.6% | Net operating revenue up 20.6% in 2016 | ||
| Expenses | |||||||
| Salaries and benefits | 126,223 | 74.3% | 102,334 | 72.6% | 23,889 | 23.3% | Salary and benefit % of net operating revenue increased to 74.3% in 2016 from 23.3% in 2015 |
| Supplies | 20,568 | 12.1% | 18,673 | 13.3% | 1,895 | 10.1% | Supplies % of revenue declined to 12.1% in 2016 from 13.3% in 2015 |
| Insurance | 4,518 | 2.7% | 3,710 | 2.6% | 808 | 21.8% | Insurance cost % revenue up 2.7% vs. 2.6% in 2015 |
| Lease | 3,189 | 1.9% | 2,603 | 1.8% | 586 | 22.5% | Lease cost up 22.5% yoy |
| Depreciation | 6,405 | 3.8% | 5,798 | 4.1% | 607 | 10.5% | Depreciation % of revenue down to 3.8% fro, 4.1% in 2015 |
| Interest | 5,329 | 3.1% | 3,476 | 2.5% | 1,853 | 53.3% | Interest cost increased 53.3% yoy in 2016 |
| Total expense | 166,232 | 97.8% | 136,594 | 96.9% | 29,638 | 21.7% | |
| Operating income | 3,747 | 2.2% | 4,330 | 3.1% | -583 | -13.5% | Operating income declined by -13.5% yoy in 2016. Margin fell to 2.2% in 2016 from 3.1% in 2015 |
| Non operating income | |||||||
| Contribution | 243 | 198 | 45 | 22.7% | Contribution income up 22.7% yoy | ||
| Investment income | 3,870 | 3,678 | 192 | 5.2% | Investment income up 5.2% yoy | ||
| Total non-operating income | 4,113 | 3,876 | 237 | 6.1% | Total non-operating income up 6.1% yoy | ||
| Net income | 7,860 | 4.6% | 8,206 | 5.8% | -346 | -4.2% | Net
income declined by -4.2% yoy in 2016. Margin fell to 4.6% in 2016 from 5.8% in 2015 |
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Review the income statement which is Exhibit 11.2 on page 327
of our text and the...
Gapenski’s Fundamentals of Healthcare Third Edition. Income statement which is Exhibit 11.2 on page 327 and...
Gapenski’s Fundamentals of Healthcare Third Edition. Income
statement which is Exhibit 11.2 on page 327 and balance sheet which
is Exhibit 12.2 on page 356.
List the changes from 2015 to 2016 relating to income and
expenses, balance sheet cash flow statement and hypothetical
situations of why changes occurred between 2015 and 2016. Make
recommendations of future financial sustainability based on these
documents.
Gapenski's Fundamentals of Healthcare Finance 356 EXHIBIT 12.2 2016 2015 Good Samaritan Medical Center ASSETS Balance Sheets...
2015 2014 Operating Revenues: Patient service revenue $ 150,118 2,000 $ 148,118 18,782 3,079 $ 169,979...
2015 2014 Operating Revenues: Patient service revenue $ 150,118 2,000 $ 148,118 18,782 3,079 $ 169,979 s: Provision for bad debts Net patient service revenue EXHIBIT 3.1 Sunnyvale Clinic: Statements of Operations, Years Ended December 31, 2015 and 2014 (in thousands) $123,565 1,800 $ 121,765 16,455 2,704 $140,924 Premium revenue Other revenue Net operating revenues Expenses: $ 126,223 20,568 Salaries and benefits Supplies Insurance 4,518 3,189 6,405 5,329 $ 166,232 $ 3,747 $102,334 18,673 3,710 2,603 5,798 3,476 $ 136,594...
a. How does this income statement differ from the ones presented in Exhibit 3.1 and Problem...
a. How does this income statement differ from the ones presented
in Exhibit 3.1 and Problem 3.2?
b. Why does Green Valley show a provision for income taxes while
the other two income statements did not?
c. What is Green Valley’s total profit margin? How does this
value compare with the values for Sunnyvale Clinic and
BestCare?
d. The before-tax profit margin for Green Valley is operating
income divided by total revenues. Calculate Green Valley’s
before-tax profit margin. Why may...
How does Tampa Clinic’s statement of cash flows compare with Sunnyvale’s statement? Exhibit 4.6. The 2018...
How does Tampa Clinic’s statement of cash flows compare with
Sunnyvale’s statement? Exhibit 4.6.
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below Tampa Clinic Income statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue Less provision for bad debts Net patient service revenue Other revenue Net operating revenues $524,630 (27.630) $497,000 10,000 $507 000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income $231,950 76,050 16,700 8,000...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below....
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below. Tampa Clinic Income Statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue $524,630 Less provision for bad debts (27,630) Net patient service revenue $497,000 Other revenue 10,000 Net operating revenues $507,000 Expenses: Salaries and benefits $231,950 Supplies 76,050 Insurance 16,700 Depreciation 8,000 Interest 41,000 Total expenses $373,700 Operating income $133,300...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below Tampa Clinic Income statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue Less provision for bad debts Net patient service revenue Other revenue Net operating revenues $524,630 (27.630) $497,000 10,000 $507 000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income $231,950 76,050 16,700 8,000 41,000 9373,700 $133,300 Nonoperating income Investment income Net income 700 Dncernber 31, 201s 2018...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below....
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below. Tampa Clinic Income Statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue $524,630 Less provision for bad debts (27630) $497,000 Net patient service revenue Other revenue Net operating revenues 10,000 $507,000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income Nonoperating income: Investment income Net income $231,950 76,050 16,700 8,000 41,000 $373,700 $133,300 S 2,700 $136,000 Tampa Clinic Balance...
Refer to the balance sheets and income statement for Under Armour Inc. in P3-47. Use these...
Refer to the balance sheets and income statement for Under Armour Inc. in P3-47. Use these financials to answer the requirements. For the 2015 fiscal year, Under Armour had a return on net operating assets (RNOA) of 15.17%. a. Compute ROE. b. Compute net nonoperating obligations (NNO). c. Compute FLEV and Spread. d. Show that ROE = RNOA + (FLEV X Spread). e. What is the nonoperating return for the year? What does this suggest about Under Armour's use of...
Cash Equity Long-term debr Long-term investments Ner property and equipment Other assets Other long-term liabilities 1J0,000...
Cash Equity Long-term debr Long-term investments Ner property and equipment Other assets Other long-term liabilities 1J0,000 120,000 100,000 150,000 40,000 10,000 4.5 Consider the following balance sheet: BestCare HMO Balance Sheet June 30, 2015 (in thousands) Assets Current Assets: Cash Net premiums receivable Supplies Total current assets Net property and equipment Total assets $2,737 821 387 $3,945 5,924 $9,869 Liabilities and Net Assets Accounts payable-medical services Accrued expenses $2,145 929 Notes payable Total current liabilities Long-term debt 382 Total liabilities...
Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc., follow. Refer to...
Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7,737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes...
Gapenski’s Fundamentals of Healthcare Third Edition. Income
statement which is Exhibit 11.2 on page 327 and balance sheet which
is Exhibit 12.2 on page 356.
List the changes from 2015 to 2016 relating to income and
expenses, balance sheet cash flow statement and hypothetical
situations of why changes occurred between 2015 and 2016. Make
recommendations of future financial sustainability based on these
documents.
Gapenski's Fundamentals of Healthcare Finance 356 EXHIBIT 12.2 2016 2015 Good Samaritan Medical Center ASSETS Balance Sheets...
2015 2014 Operating Revenues: Patient service revenue $ 150,118 2,000 $ 148,118 18,782 3,079 $ 169,979 s: Provision for bad debts Net patient service revenue EXHIBIT 3.1 Sunnyvale Clinic: Statements of Operations, Years Ended December 31, 2015 and 2014 (in thousands) $123,565 1,800 $ 121,765 16,455 2,704 $140,924 Premium revenue Other revenue Net operating revenues Expenses: $ 126,223 20,568 Salaries and benefits Supplies Insurance 4,518 3,189 6,405 5,329 $ 166,232 $ 3,747 $102,334 18,673 3,710 2,603 5,798 3,476 $ 136,594...
a. How does this income statement differ from the ones presented
in Exhibit 3.1 and Problem 3.2?
b. Why does Green Valley show a provision for income taxes while
the other two income statements did not?
c. What is Green Valley’s total profit margin? How does this
value compare with the values for Sunnyvale Clinic and
BestCare?
d. The before-tax profit margin for Green Valley is operating
income divided by total revenues. Calculate Green Valley’s
before-tax profit margin. Why may...
How does Tampa Clinic’s statement of cash flows compare with
Sunnyvale’s statement? Exhibit 4.6.
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below Tampa Clinic Income statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue Less provision for bad debts Net patient service revenue Other revenue Net operating revenues $524,630 (27.630) $497,000 10,000 $507 000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income $231,950 76,050 16,700 8,000...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below Tampa Clinic Income statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue Less provision for bad debts Net patient service revenue Other revenue Net operating revenues $524,630 (27.630) $497,000 10,000 $507 000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income $231,950 76,050 16,700 8,000 41,000 9373,700 $133,300 Nonoperating income Investment income Net income 700 Dncernber 31, 201s 2018...
The 2018 Income Statement and Balance Sheet of Tampa Clinic, a not-for-profit organization, are presented below. Tampa Clinic Income Statement Year Ended December 31, 2018 Operating Revenues: Patient service revenue $524,630 Less provision for bad debts (27630) $497,000 Net patient service revenue Other revenue Net operating revenues 10,000 $507,000 Expenses: Salaries and benefits Supplies Insurance Depreciation Interest Total expenses Operating income Nonoperating income: Investment income Net income $231,950 76,050 16,700 8,000 41,000 $373,700 $133,300 S 2,700 $136,000 Tampa Clinic Balance...
Refer to the balance sheets and income statement for Under Armour Inc. in P3-47. Use these financials to answer the requirements. For the 2015 fiscal year, Under Armour had a return on net operating assets (RNOA) of 15.17%. a. Compute ROE. b. Compute net nonoperating obligations (NNO). c. Compute FLEV and Spread. d. Show that ROE = RNOA + (FLEV X Spread). e. What is the nonoperating return for the year? What does this suggest about Under Armour's use of...
Cash Equity Long-term debr Long-term investments Ner property and equipment Other assets Other long-term liabilities 1J0,000 120,000 100,000 150,000 40,000 10,000 4.5 Consider the following balance sheet: BestCare HMO Balance Sheet June 30, 2015 (in thousands) Assets Current Assets: Cash Net premiums receivable Supplies Total current assets Net property and equipment Total assets $2,737 821 387 $3,945 5,924 $9,869 Liabilities and Net Assets Accounts payable-medical services Accrued expenses $2,145 929 Notes payable Total current liabilities Long-term debt 382 Total liabilities...
Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7,737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes...
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