ACC 291 Week 5 Balance Sheet Income Statement

Download ACC 291 Week 5 Balance Sheet Income Statement

Post on 28-Dec-2015

78 views

Category:

Documents

2 download

Embed Size (px)

TRANSCRIPT

Horizontal Balance Sheet Patton-Fuller Community Hospital December 31 Horizontal Analysis of the balance sheet using 2008 base20092008AmountPercentAssetsCurrent assets$127,867$130,026-2,159-9.8%Plant assets248,346175,77475,5721.4%Intangible assets211,554242,736-31,182-8.7% Total assets$587,767$548,536$39,2311.1%

LiabilitiesCurrent liabilities$9,208$4,195$5,0132.2%Long-term liabilities452,153209,225242,8982.2% Total liabilities462,153219,450248,7032.2%

Stockholder's Equity Total stockholder's equity125,564335,035($209,471)-3.7%Total liabilities and587,767$548,536$39,2311.1%Stockholder's equity

Vertical Balance sheet Vertical Analysis of the balance sheet form for 20092009AmountPercentAssetsCurrent assets$127,86721.8%Plant assets248,34642.3%Intangible assets211,55435.9% Total assets587,767100.0%

LiabilitiesCurrent liabilities$9,2081.7%Long-term liabilities452,15376.9% Total liabilities462,15378.5%

Stockholder's EquityStockholder's equity125,56721.4%Total liabilities and$587,767100.0%Stockholder's equity

Income StatementPatton-Fuller Community HospitalIncome Statement December 3120092008AmountPercentRevenuesPatient revenue $459,900$418,509$41,3919.9%Other revenue3,0822,8052779.9% Total revenues$462,982$421,314$41,6689.9%

ExpensesBenefits and salaries$220,752$214,129$6,6233.1%Professional and physican fees110,376107,0653,3113.1%Supplies74,58471,3463,2384.5%Utilities1,2001,164363.1%Other1,8401,784563.1%Amortization and depreciation36,03624,99511,08144.0%Interest3,7083,5971113.1%Provision for doubtful accounts14,79713,3831,41410.6% Total expenses$463,293$437,424$25,86959.2%Operating income-$311-$16,110-$15,79998.1%Non-operating income(loss)-$62$264$20276.5%Net income-$373-$15,856-$15,47396.6%