Based on the audit performed for Patton Fuller Community Hospital, auditors indicate that there was a 10% increase in patient revenues as well as other revenues. This could probably be contributed to an increase in patient visits and admissions to the hospital. Based on the observance of the audited form submitted it is noted under the expenses that Patton Fuller Community Hospital experienced many increases. The supplies line item experienced a 5% increase, which totaled 3,238. The cause of such an increase could easily be associated with the increase of patient visits and there admittance. This is merely an observation as there is no direct communication related to this line item or correspondence that we could assert for assurance and accountability as we pursued the statement at hand. Upon perusal of the audited financial document there was an overwhelming increase in the depreciation and amortization line items, which produced a shocking 44% rise from its previous year. The cause of this could be direct…
|First I have calculated the financial ratios; financial ratios illustrate relationships between different aspects of a business’s operations.|…
The audited report includes the company’s history, a CFO report, a message from the CEO, and a report of independent auditors. The audited and unaudited financial statements differ slightly in data in some areas for Patton- Fuller Community Hospital. Under the assets section in the numbers for patients accounts receivable numbers differ slightly from 2009. In 2009 on the unaudited report it provides the data of 59,787 and on the audited it has 58,787. This also leaves the total current assets and the total assets to differ slightly for 2009. On the audited report total current assets for 2009 are 127,867 and on the unaudited report it has 128,867. On the unaudited report the total assets for 2009 are 588,767 and 587,767 on the audited. Under the total liabilities calculations the retained earnings for 2009 differ slightly. The data for 2009, on the unaudited report gives 126,564 while the audited report gives…
When analyzing a business, financial statements provide a detailed look into the company and the success or failure which lies within in. Financial ratios are calculated to determine these numbers and to identify other number related variables that have an impact on the company and those investing in the business. Once determined they offer information concerning the businesses return on investment and the ability of the business to pay its bills on time, as well as what their projected future earnings will be. The following depicts the financial status of ABC SDN. BHD with financial ratio analysis.…
The financial ratio typically analyzes trends and compares the company’s performance compared to other companies in the same industry. The financial ratio can be classified based on its information and frequency of use ( NetMBA, 2015).…
Financial ratios provide a limited analysis of the company financial statements. These ratios calculate numerical indicators or percentage values based on the financial information contained…
Before we start to invest in a company, we need to analyze the financial ratio for each company. This is because it helps us to know whether the companies status are worth to invest or not. Without analyzing the financial ratios of companies, it would be risky to invest and causing making loss on investment.…
Your task is to provide a written report discussing the financial position of the companies. Calculation of ratios should be included in an appendix to the report. In other words, in addition to the mechanical process of determining the ratios the report must include a written comparative analysis of the financial information: from year to year, between the companies and an overall comment on the financial position of the companies.…
These ratios measure the ability of a company to generate earnings in relation to its sales, assets and equity (Ready Ratios, 2012).…
Managers deal with all types of ratios. It is important for them to judge and improve the overall financial position of the company. Financial ratios are one of the most common tools of managerial decision making. Financial ratios involve the comparison of various figures from the financial statements in order to gain information about a company's performance. Ratios to this group, serve as indicators, clues, or red flags regarding noteworthy relationships between variables used to measure the firm's performance in terms of profitability, asset utilization, liquidity, leverage, or market valuation.…
Companies strive from day to day to make their business publicly strong, financially strong, and appeasing and profitable for its shareholders. Shareholders as well as the company's management use several tools to determine a company's health and direction. These tools are better known as ratio analysis. Ratios are among the more widely used tools of financial analysis because they provide clues to and symptoms of underlying conditions.2 Ratios help measure a company's liquidity, activity, profitability, leverage and coverage.1 These five measured sections show how ratio analysis is used in decision-making, how a firm can measure its financial situation and financial performance, and the strengths and weaknesses of the company.…
are financial ratios. Ratios are an analyst’s microscope; they allow us to get a better view of…
Stores Ltd. and its competitors. This provides our Clients with a clear understanding of Pick n Pay Stores…
References: 1. Block, Stanley B and Hirt, Geoffrey A. Foundation of Financial Management 12th edition.…
Financial ratios are useful indicators of a firm's performance and financial situation. Most ratios can be calculated from information provided by the financial statements. Financial ratios can be used to analyze trends and to compare the firm's financials to those of other firms. In some cases, ratio analysis can predict future bankruptcy.…