chapter 14 case study

chapter 14 case study - Chapter 14 Case Study Major Medical...

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Unformatted text preview: Chapter 14 Case Study Major Medical Center Statements of Financial Position Common Size Ratios December 31, 2012 December 31, 2011 Percent $000s Percent $000s Assets Current assets: Cash and cash equivalents 4.1% $8,065 5.1% $9,005 Assets limited as to use 0.5% 1,000 0.0% Short-term investments 0.7% 1,387 0.7% 1,283 Receivables for patient care, net 25.3% 49,719 27.0% 47,614 Pledges receivable 0.9% 1,814 1.3% 2,205 Inventories, at average cost 0.9% 1,690 1.3% 2,326 Due from third-party reimbursement 3.3% 6,539 0.0% Receivables for government grants 0.0% 0.3% 467 Other 1.1% 2,234 1.9% 3,415 Total current assets 36.9% $72,448 37.6% $66,315 Assets limited as to use Sinking fund 7.4% $14,487 7.6% $13,410 Collateral for standby letters of credit 0.5% 923 0.0% 7.9% $15,410 7.6% $13,410 Long-term investments 0.6% $1,132 0.4% $618 Due from affiliates, net 1.7% 3,417 2.0% 3,543 Pledges receivable, net 1.0% 1,889 0.8% 1,468 Property, plant, and equipment net 50.2% 98,555 51.0% 89,777 Deferred financing costs 0.7% 1,323 0.0% Other 1.1% 2,065 0.6% 1,043 Total Assets 100.0% $196,239 100.0% $176,174 Liabilities and net assets Current liabilities: Current portion of long-term debt 5.9% $11,608 6.5% $11,488 Accounts payable and accrued expenses 15.0% 29,489 14.4% 25,311 Accrued salaries and related liabilities 13.0% 25,572 11.4% 20,096 Due to third-party reimbursement 0.0% 1.1% 1,874 Advances on government grants 0.0% 1.587 0.0% Total current liabilities 34.8% $68,256 33.4% $58,769 Long-term debt, less current portion 28.3% $55,539 27.1% $47,709 Accrued postretirement benefits 3.1% 6,023 3.4% 6,017 Other noncurrent liabilities 8.4% 16,445 9.7% 17,014 Total liabilities 74.5% $146,263 73.5% $129,509 Commitments and contingencies Net assets Unrestricted 20.7% $40,582 21.6% $38,014 Temporarily restricted 4.2% 8,262 4.3% 7,519 Permanently restricted 0.6% 1,132 0.6% 1,132 Total net assets 25.5% 49,976 26.5% 46,665 Total Liabilities and Net Assets 100.0% $196,239 100.0% $176,174 MMC CASE SOLUTION Common Size Ratios Operating Statements Major Medical Center Statements of Operations Common Size Ratios December 31, 2012 December 31, 2011 Percent $000s Percent $000s Operating revenue Net patient service revenue 95.7% $402,921 95.7% $369,512 Other revenue (Note 12) 3.2% 13,356 3.6% 13,850 Net assets released from restrictions 1.1% 4,708 0.7% 2,863 Total operating revenue 100.0% $420,985 100.0% $386,225 Operating expenses Salaries and wages 49.2% $207,141 50.9% $196,453 Employee benefits 10.6% 44,456 11.6% 44,860 Supplies and expenses 32.7% 137,505 30.5% 117,838 Depreciation and amortization 5.4% 22,541 4.9% 18,856 Research 0.6% 2,457 0.6% 2,214 Interest 1.1%1....
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This note was uploaded on 02/22/2012 for the course FINANCE 390:300:03 taught by Professor Palmon during the Fall '10 term at Rutgers.

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chapter 14 case study - Chapter 14 Case Study Major Medical...

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