Please calculate the following and tell if the trend for each ratio year to year
ID: 2391078 • Letter: P
Question
Please calculate the following and tell if the trend for each ratio year to year is positive, neutral, or negative:
1.Current ratio
2.Average collection period
3. Days of cash on hand, short-term sources
4. Days of cash on hand, all sources
5. Average payment period
Jan 30, 2015 and 2014 (show 15.001 95.407 93,221 150,117 Liabilities and Net Assets Current liabilites Current portion of long term debt Accounts payable Accrued abilities Defend safety net revete Acered interes payable Payable to third-party agencies Total eurent liabilities Long term debt, net of current portion Other long-term liabilities Total liabilities Net assets Unrestricted net assets Temporanly restricted net assets Permanently restricted net assets Total net assets Total liabilities and not assets 279.454 123.927 015116 475656 683.005 See accompag notes to consolidated financial statementExplanation / Answer
2015
2014
Current ratio
(A): Total current assets
107225
136416
(B): Total current liabilities
73221
98407
Current ratio (A/B)
1.464402289
1.38624285
Trend
Positive
2015
2014
Average collection period
(A): Patient service revenue
481030
433516
(B): Closing accounts receivable
45917
48815
Average collection period (B x 365 /A)
34.84128849
41.0999248
Trend
Positive
2015
2014
Days of cash on hand, short term assets
(A): Cash and cash equivalent
22802
26427
(B): Total current assets
107225
136416
Days of cash on hand, short term assets (A x 365/B)
77.6193052
70.7091177
Trend
Positive
2015
2014
Days of cash on hand, all sources
(A): Cash and cash equivalent
22802
26427
(B): Total assets
683005
705110
Days of cash on hand, short term assets (A x 365/B)
12.18545984
13.6799294
Trend
Negative
2015
2014
Average payment period
(A): Accounts payable
15004
13203
(B): Total operating expenses
467284
418477
Average payment period (A x 365/B)
11.71976785
11.5157942
Trend
Neutral
2015
2014
Current ratio
(A): Total current assets
107225
136416
(B): Total current liabilities
73221
98407
Current ratio (A/B)
1.464402289
1.38624285
Trend
Positive
2015
2014
Average collection period
(A): Patient service revenue
481030
433516
(B): Closing accounts receivable
45917
48815
Average collection period (B x 365 /A)
34.84128849
41.0999248
Trend
Positive
2015
2014
Days of cash on hand, short term assets
(A): Cash and cash equivalent
22802
26427
(B): Total current assets
107225
136416
Days of cash on hand, short term assets (A x 365/B)
77.6193052
70.7091177
Trend
Positive
2015
2014
Days of cash on hand, all sources
(A): Cash and cash equivalent
22802
26427
(B): Total assets
683005
705110
Days of cash on hand, short term assets (A x 365/B)
12.18545984
13.6799294
Trend
Negative
2015
2014
Average payment period
(A): Accounts payable
15004
13203
(B): Total operating expenses
467284
418477
Average payment period (A x 365/B)
11.71976785
11.5157942
Trend
Neutral