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2011 2012 Cash and Short-Term Investments $34,094,076 $11,863,992 Receivables 13,036,037 15,112,834 Other Current Assets 3,650,374 6,306,384 Total

2011 2012
Cash and Short-Term Investments $34,094,076 $11,863,992
Receivables 13,036,037 15,112,834
Other Current Assets 3,650,374 6,306,384
Total Current Assets $50,780,487 $33,283,210

Long-Term Investments $134,233,202 $126,679,509
Property, Plant and Equipment 1,108,330 2,216,891
Total Assets $186,122,019 $162,179,610

Current Liabilities $70,301,625 $66,950,203
Long-term Liabilities 4,017,789 3,949,442
Net Assets 111,802,605 91,279,965
Total Liabilities and Net Assets $186,122,019 $162,179,610

Member Months 4,820,351 4,721,314

Premium Revenue $512,600,104 $515,079,684
Medicaid Revenue 58,969,632 63,979,870
Investment Income 8,637,915 6,640,969
Total $580,207,651 $585,700,523

Physician Services 157,313,074 148,868,294
Other Professional 23,733,163 21,526,611
Inpatient 110,813,471 113,989,688
Incentive Pool 1,834,583 4,677,527
Outpatient 103,981,202 97,746,260
Pharmacy 62,764,866 67,567,497
Access Fees 341,685 402,285
Reinsurance 2,321,544 1,682,121
Coordination of Benefits (434,217) (80,097)
Total Medical & Hospital $462,669,371 $456,380,186

Administration 76,772,846 76,807,222
Total Expenses $539,442,217 $533,187,408

Income Before Tax 40,765,434 52,513,115
– Tax 12,685,285 17,682,052
Net Income $28,080,149 $34,831,063


1. Compute ABC Healthcare’s fixed asset turnover ratio.



2. Compute ABC Healthcare’s return on total assets.



3. Compute ABC Healthcare’s operating margin.

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