What is the Return on Assets Ratio, Current Ratio, Days Cash on Hand and Average Collection Period / Days in Accounts Receivable for Jackson Hospital in 2018?
Please look at the images and also the options that are available for answers
Return on Assets Ratio
A: 1.6%
B: 3.2%
C: 8.40%
D: 13.36%
Current Ratio
A: 1.7 times
B: 2.8 %
C: 1.9 times
D: 2.4 times
Days Cash on Hand
A: 12.1 days
B: 18.9 days
C: 35.00 days
D: 51.18 days
Average Collection Period / Days in Accounts Receivable
A: 15.85 days
B: 48.13 days
C: 67.23 days
D: 82.39 days
Homework Answers
Return on Assets=Net Income/Total Assets]
=19906/148992
=0.1336 or 13.36% that is option D.
Current Ratio=Current Assets/Current Liabilities
=34222/17858
=1.916 that is 1.9 times that is option C.
Days Cash on Hand=Total Unrestricted Cash/(Total Expenses-Depreciation)/365
=Cash and Cash Equivalents+Short-Term Investments/(94367-4500)/365
=(9800+2800)/246.2
=51.1779 that is 51.18 days that is option D.
Average Collection Period=365/(Net Patient Service Revenue/Net Patient Accounts Receivable)
=365/(101197/18640)
=365/5.429
=67.23 days that is answer C.
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