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Balance Sheets of Wynn Memorial Nursing Home

Question

Listed below are the balance sheet and statement of operations for Wynn Memorial Nursing Home for 2013 and 2014.

  1. Compute Wynn Memorial Nursing Home’s current ratio.
  2. Compute Wynn Memorial Nursing Home’s days in accounts receivable.
  3. Compute Wynn Memorial Nursing Home’s long-term debt to net assets ratio.
  4. Compute Wynn Memorial Nursing Home’s net assets to total assets ratio.
  5. Compute Wynn Memorial Nursing Home’s total asset turnover ratio.
  6. Compute Wynn Memorial Nursing Home’s fixed asset turnover ratio.
  7. Compute Wynn Memorial Nursing Home’s return on total assets.
  8. Compute Wynn Memorial Nursing Home’s operating margin.

Listed below are the industry standards of the above ratios for Wynn Memorial’s peer group. Use this information make comparisons. 

Nursing Home Financial Ratios–Industry Median

Current ratio

1.98

Days in accts receivable

67.19

Average payment period

56.13

Total asset turnover

1.02

Fixed asset turnover

2.20

Operating margin

0.02

Return on total assets

0.04

Long-term debt to net assets

0.62

Net assets to total assets

0.53

 

  1. Comment on Wynn Memorial's liquidity and efficiency in its use of assets. Cite at least one meaningful ratio for each category to support your observations.
  2. Comment on Wynn Memorial's profitability and capital structure. Cite at least one meaningful ratio for each category to support your observations.

Summary

This question belongs to finance and discusses about balance sheet and statement of operations for Wynn Memorial Nursing Home for 2013 and 2014.

Word count: Excel Format

 

 

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