Financial Data Analysis

Write a 700- to 1,050-word analysis of the audited financial statements of Patton-Fuller Hospital for 2008 and 2009.

Include in your analysis:

  • Balance Sheet in a Microsoft® Excel® document including columns for the following:
    • 2008 financial data
    • 2009 financial data
    • The amount of change in dollars
    • The percent change
  • Statement of Revenue and Expenses in a Microsoft® Excel® document including columns for the following:
    • 2008 financial data
    • 2009 financial data
    • The amount of change in dollars
    • The percent change
  • Identify significant changes between the years.
  • Provide possible explanations for the change based on information in the Annual Report.

Submit the Microsoft® Excel® worksheets with the written analysis.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

Format your assignment consistent with APA guidelines.

Note. Word count does not include the Balance Sheet or Statement of Revenue and Expenses.

 

FINANCIAL STATEMENTS

Patton – Fuller Community Hospital
Balance Sheet
2009 – 2008
(In Thousands)
(Unaudited)
  2009 2008
Assets    
Current Assets    
Cash and Cash Equivalents $22,995 $41,851
Assets of Limited Use 27,594 41,851
Patient Accounts Receivable
(net of Allowance for Bad Debts
2009: $10,757   2008: $6,777)
59,787 37,666
Other Receivables
(3rd party payer settlements)
87
Inventories 18,396 8,370
Prepaid Expenses 95 201
Total Current Assets $128,867 $130,026
Other Assets    
Funded Depreciation $137,970 $167,404
Held under Bond Indenture 73,584 75,332
Property, Plant and Equipment, net 248,346 175,774
Total Assets $588,767 $548,535
 
Liabilities and Equity    
Current Liabilities    
Current portion of long-term debt $14,599 $4,185
Accounts payable, accrued expenses 9,198 4,185
Bond interest payable 10 10
Total Current Liabilities $23,807 $8,380
Other Liabilities    
Long-term debt $452,945 $209,255
less: current portion of long-term debt 14,599 4,185
Net long-term debt $438,346 $205,069
Total Liabilities $462,153 $213,450
 
Equity    
Common Stock, $ 0.01 par value
10,000,000 shares authorized
5,000,000 shares outstanding
$50 $50
Additional paid-in capital 0 0
Retained Earnings (or “Net Worth” or “Unrestricted Fund Balance”) 126,564 335,035
Total Liabilities and Equity $588,767 $548,535
 
Note: Maximum Annual Debt Service    
Bond interest payable $10 $10
Current portion of long term debt 14,599 4,185
Maximum Annual Debt Service $14,609 $4,195

Business & Finance homework help