Question

calculate 5 year net sales, operating expenses, operating income, and net income and interpret the resulting data and explain the significance of the trend

Jiranna Healthcare Income Statement December 31, 2013 (in thousands) 2010 2011 2012 2013 12,050 Gross patient services revenues (non-GAAP) Less deductions from revenues (non-GAAP) Net patient service revenues Other operating revenues 8,870 9,490 10,400 11,200 890) 1,000) (1.500 9,400 679 10,079 600 8,090 519 8,609 8,600 633 9,233 9,700 10,450 980 11,430 Total operating revenues 10,417 Operating expenses Salaries and wages Supplies Utilities Insurance Depreciation Interest 5,497 823 558 5,678 850 576 5,890 855 590 6,170 890 595 6,800 168 142 363 987 8,582 173 146 375 1,299 9,143 620 70 188 198 175 154 178 179 455 1,300 9,821 Bad debts Other operating expenses 1,560 9,673 Total operating expenses 1,350 10,631 Operating income Nonoperating income Excess of revenue over expenses 406 245 $181 $ 285 $ 651 90 195 596 220 816 799 290 1,089 154 Change in net assets Unrestricted Temporarily restricted Permanently restricted 181 285 651 $ 816 1,089 Total change in net assets 181 285 651 816 1,089

Answer 1

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The company has very good growth which can seen by increasing figures. If they try to reduce the operating expenses they can achieve much more higher percentage. That can only be done through long term contracts with suppliers to get at lower prices and strategical planning for procurement.