Financial Data Analysis

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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.

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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

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