Accounting week 7 - 20583

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AC460                     
Assignment 7                   
                     
E14.2 (Computation of current ratio & quick ratio)            
The following information is extracted from Alpha Hospital's balance sheet        
1. Compute the current ratio                
2. Compute the quick ration (W/O account recieveables             
                     
E14.3 (Compuation of a hospitals debt service coverage & times interest earned)      
The following information is extracted from Beta Hospitals financial statements        
1. Compute Beta's debt service coverage & times interest earned.          
                     
E14.4 (Computation of days' revenue n patient accounts recievable)          
The following information is extracted from Gamma Hospitals financial records        
  Patient accounts recievables, net            $                    14,710,000
  Patient service revenues, gross              $                    97,478,000
  Provision for contractual adjustments            $                    12,609,000
1. Compute the number of days revnue in patient accounts recievable.        
                     
E14.5 (Computation of a not for profiy organiations program serices ratio)        
A voluntary health and welfare organization obtains contributions to perform various social services.       
The following information is extracted from its statement of activities.        
1. Compute the organizations Program services ratio            
                     
E14.6 (Computation & assessment of a city's budgetary cushion)\          
The following information is extracted from the General Fun column of a city's fund financial statements:    
1. Compute the city's cushion. Based on your computation and the textbook discussion of the budetary cushion rule of thumb,   
assess the citys ability to withstand a potential near-term economic contraction.         
                     
E14.7 (Computation of a city's debt burden)            
The following information is extracted from a city government's CAFR.        
1. Compute the city's debt burden based on population and on property value.        
Make separate computations for A. net direct debt and B. Combined net direct and overlapping debt.       
                     
E14.8 (Computation of a villages operating margin)            
The following information is extracted from a villages governmental funds statement of revenues, expenditures, and changes in fund balances (amounts are in thousands)
        general      debt service       Library 
     net change in fund balances                
1. Compute the villages operating margin (a) for the general fund and (b) for the general,debt service, and Library fund aggregated.  
                     
                     
Solution Description

please see ex

Attachments
Week 7 work.xlsx
Week 7 work.xls...