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Financial Ratios for Calvin Community Clinic
2009
2008
Current ratio
2.2
2.1
Aci
Financial Ratios for Calvin Community Clinic
2009
2008
Current ratio
2.2
2.1
Acid test ratio
0.25
0.1
Days in accts receivable
45
60
Average payment period
43
43
Days cash on hand
15
5
Fixed asset turnover
3.58
2.54
Total asset turnover
1.1
1.04
Operating margin
0.1
0.03
Return on total assets
0.2
0.12
Long term debt to net assets
1.1
2.18
Net assets to total assets
1
0
Debt service coverage
3.2
2.1
Age of plant
5.7
3.5
Analyze the financial ratios for Calvin Community Clinic.
Download the Financial Ratio document.
Fill in the data for the Clinic for years 2008 and 2009.
Determine the reason(s) for the changes from year-to-year.
State the impact the ratio changes will have on the clinic.
Conduct research for at least two non-profit healthcare organizations during the period of FY 2008 to FY 2009 which you can use to benchmark the clinic. If you cannot locate information for these two years specifically, any two consecutive years will work. Many large hospitals and healthcare organizations will post their financial performance online.
Go back to the Financial Ratio Document in which you have already filled in information about the clinic. Fill in the researched ratio column.
Analyze why the researched ratio differs from the clinic ratios.
Write a 2-3 page paper in which you discuss, in detail, the bullet items below. Incorporate research into your paper from at least two relevant, scholarly resources. Follow all applicable APA Guidelines
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