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Ferris Hospital Financial Statements

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Ferris Hospital Financial Statements

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Ferris Hospital Financial Statements

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Account Name Amount Account Name Amount
Current Assets Current Liabilities
Total Current Assets Total Current Liabilities
Long-term Assets Long Term Liabilties
Total Long-term Assets Total Long Term Liabilities
Total Liabilities
Net Assets (Equity)
Total Assets Total Net Assets plus Liability

&12Ferris Hospital (000s omitted) Balance Sheet For the year ended 12/31/16

IS

Revenue
Net operating revenue
Expenses
Total operating expenses
Net Income from Operations
Other income (loss)
Interest Income
Net income(loss)

&12Ferris Hospital (000s omitted) Income Statement For the year ended 12/31/16

Cash Flows

December 31, 2014 December 31, 2013 Instructions:
Operating Net Income 12,645 Bring over from Income Statement
Reconcilliation of Net Income to Cash Flow:
Add Back: Depreciation and Amortization 7,698 Bring over from Income Statement – Depreciation Expense
(Increase)/Decrease in Accounts Receivable 10,000 There was a decrease in Accounts Receivable of 4,000
(Increase)/Decrease in Inventory (1,000) There was an increase in Inventory of 500
(Increase)/Decrease in Prepaid Expense 1,500 There was an increase in Prepaid Expense of 1,000
Increase/(Decrease) in Accounts Payable 2,000 There was a decrease in Accounts Payable of 1,500
Adjustments to Net Income 20,198 Sum all adjustments
Net Cash Flow from Operations 32,843 Subtract adjustments from Operating Net Income
Captial and Related Financing
Purchase of Capital Equipment – You purchased new computers for 10,000
Proceeds of Capital Financing – There were no proceeds from Capital Financing
Interest on Lont-term Debt (5,000) There was 4,000 paid on Interest on Long-term Debt
Principal on Long-term Debt (10,000) There was 11,000 paid on the Principle on Long-term Debt
Net Cash from Capital and Related Financing (15,000) Sum all Captial and Related Financing
Investments
Investment Income 2,000 You received 1,960 from investment income
(Purchase)/Sale of Investments – You purchased a Certificate of Deposit for 1,500
Net Cash from Investments 2,000 Sum all Investment Income
Net increase in Cash & Cash Equivalents 19,843 Add Net Cash Flow from Operations, Net Cash from Capital and Related Financing and Net Cash from Investments
Cash & Case Equivalents, Beginning of Year 5,000 Put the Cash and Cash Equvalents from 2013 in this cell
Cash & Cash Equivalents, End of Year 24,843 Sum Net increase in Cash and Cash Equvalents from 2013 and 2014

Ferris Hospital (000s omitted) Statement of Cash Flows For the year ended 12/31/16

Changes in Fund Balance

December 31, 2014 December 31, 2013
Balance First of Year 70,249 Put the number from the previous year’s balance here.
Revenue in Excess of Expenses 12,645 Bring the Net Income from the Income Statement here
Interest Income 2,000 Bring the Interest Income from the Income Statement
Balance End of Year 84,894 Sum it all up here

Ferris Hospital (000s omitted) Changes in Fund Balance For the year ended 12/31/16

Accounts

Accounts payable 763
Accounts Receivable Gross 28,406
Allowances from Accounts Receivable (4,208)
Cash and Cash Equivalents 21,709
Current portion of long term debt 3,058
Depreciation expense 7,326
Employee Benefits expense 13,290
Inpatient Services Revenue 90,085
Insurances expense 1,512
Interest Income 1,780
Inventories 2,499
Less Accumulated depreciation (43,417)
Long Term Debt, less current portion 14,798
Notes payable 1,153
Other Operating Expenses 10,533
Out Patient Services Revenue 105,258
Physician Fees expense 2,815
Plant Property& Equipment (PP&E) 126,327
Prepaid Expenditures 3,811
Repairs & Maintenance expense 3,205
Revenue Deductions (48,755)
Salaries &withholdings payable 4,164
Salary & Wage expense 71,764
Supplies expense 23,800
Utilities expense 2,256

Financial Statement Analysis Paper

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Financial Statement Analysis Paper

Write a five- to seven-page comparative financial statement analysis of the three companies listed below, formatted according to APA style as outlined in the UAGC Writing Center. In this analysis, you will discuss the financial health of these companies with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: Company Overview, Comparison of Accounting Methods, Ratio Analysis, Final Recommendation, Conclusions. You will also submit an appendix as a separate document. Additional research may be necessary to provide company background information, or to support your analysis and recommendations. Your paper needs to include a minimum of two scholarly, peer-reviewed, and/or credible resources in addition to the textbook as references. financial statement analysis paper.

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Here is a breakdown of the sections within the body of the assignment (Use paragraph headings to indicate each section):

financial statement analysis paper

Company Overview
Provide a brief overview of the three companies (at least two pages). What industry is it in? What are its main products or services? Who are its competitors? Where is the company located?

Ratio Analysis

  • Calculate the current Analysis, quick ratio, gross profit percentage, inventory turnover, accounts receivable turnover and asset turnover ratios for all three companies for the current year.
  • Note: Cash includes cash and cash equivalents and short term investments.
  • Explain how the ratio is calculated and discuss and interpret the ratios that you calculated.
  • Discuss potential liquidity issues based on your calculations of the current and quick ratios.
  • Are there any factors that could be erroneously influencing the results of the ratios?
  • Discuss liquidity issues of the three companies.

Comparison of Accounting Methods

In your paper, ascertain from the notes of the financial statements the following:

  • Explain the difference between the allowance method and the direct write off method for accounts receivable. Document the method used for each of the three companies.
  • Explain the difference between the straight line, double declining balance and the unit-of-production depreciation methods. Document the method used for each of the three companies.
  • Explain the difference between LIFO and FIFO and document the method used for each of the three companies.
  • Explain the different categories of intangible assets and document the method used for each of the three companies.

Recommendation
Based on your analysis, would you recommend an individual invest in these companies? What strengths do you see? What risks do you see? It is perfectly acceptable to state that you would recommend avoiding this company, as long as you provide support for your position.

Conclusions

Include an appendix in a separate document. The appendix must include screenshots of the financial statements and information obtained for the receivables, intangible assets, depreciation, and inventory. You can get help with creating an appendix in APA format by using the UAGC Writing Center’s guide, Tables, Images, & Appendices (Links to an external site.).

The Financial Statement Analysis Final Paper

  • Must be five to seven double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the UAGC Writing Center’s APA Style. (Links to an external site.)
  • Must include a separate title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted

Managing Financial Risk

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help>Operations Management homework help
Financial

 Managing Financial Risk

Assignment Content

  1. Competency
    Devise risk mitigation strategies in financial management. managing finance risks
    Student Success Criteria
    View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane. managing finance risks.

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    Scenario
    You are the manager of the procurement department in a large manufacturing firm. Part of the work your department does involves processing purchase orders, material receipts, and other documentation related to the purchasing activities for eventual payment by the accounts payable department.
    Your team members, in addition to processing and reviewing the various documents (hard copies and/or electronic versions), track metrics around purchasing. These metrics include items such as the number of orders by vendor, spending by expense category and functional department, inventory levels, etc. Your team can also report and track information by person such as who requested purchases, who received materials, and who approved invoices to go to accounts payable for payment.
    Because of the nature of work in your department and the metrics that are tracked, your team members can play a role in preventing and detecting fraud, helping to reduce financial risk for the company. However, none of the team have been trained on internal control concepts. You currently have no funds available in your budget to pay for training and must create your own materials for the team to learn from and use for reference.

    managing finance risks

    Instructions
    Create an infographic that contains information about internal control concepts. The infographic will have three sections – one each for preventative, detective, and corrective controls. In each section, include information on two specific internal control tactics or methods that fall under the category type and that are applicable to the work performed in the department.

    The infographic should also include a title and introductory summary statement. Cite all sources of information using APA style at the bottom of the infographic in smaller font.

For assistance with creating an infographic,