Refer to Megatropolis Hospital’s financial statements below for calculating the ratios requested in questions

Refer to Megatropolis Hospital’s financial statements below for calculating the ratios requested in questions

Megatropolis Hospital

Statement of Operations

For the Year Ended December 31, 2011

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Revenues, Gains, Other Support

Net patient service revenue $ 1,500,000

Other revenue200,000

Total Revenue 1,700,000

Expenses

Nursing Services 1,200,000

Administrative Services 200,000

Depreciation 100,000

Other Expenses50,000

Total Expenses1,550,000Operating Income 150,000Investment Income50,000Excess of revenues over expenses 200,000Increase in Unrestricted Net Assets$200,000

Megatropolis Hospital

Balance Sheet

As of December 31, 2011 (2010 omitted)

Assets

Current Assets

Cash and cash equivalents $ 50,000

Net patient receivables350,000

Total Current Assets 400,000

Properties and Equipment

Gross properties and equipment $ 900,000 Less accumulated depreciation475,000Net Properties and Equipment425,000

Total Assets $825,000

Liabilities and Net Assets

Current Liabilities

Accounts Payable 200,000

Salaries Payable50,000

Total Current Liabilities 250,000

Notes Payable 200,000

Unrestricted Net Assets375,000

Total Liabilities and Net Assets$825,000

What is Megatropolis Hospital’s operating margin?

what is the days in account receivable?

 
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