excel template 1
Assignment: Application: Basic Financial Calculations
Before you learned algebra, you first had to learn basic addition, subtraction, multiplication, and division. Similarly, before you can fully understand the finances of a health care organization, you first need to be able to apply basic financial calculations used in almost all domains of accounting. A firm grasp of these accounting concepts will better enable you to confidently make budgetary and resource decisions. In this Assignment, you complete calculations that will familiarize you with some of the necessary basic accounting concepts.
Based on the information and financial statements below, calculate the following financial ratios in an Excel Spreadsheet:
- Current Ratio
- Days of Cash on Hand
- Age of Accounts Receivable
- Age of Physical Plant
- Debt to Equity Ratio
- Debt to Assets Ratio
- Collection Rate
- Operating Margin Ratio
= Total Current Assets / Total Current Liabilities
= Cash / (Total Operating Expense / 365 days)
= Accounts Receivable / (Net Patient Service Revenue / 365)
= Accumulated Depreciation / Depreciation Expense
= [Long Term] Debt / Net Assets
= [Long Term] Debt / Total Assets
= Net Patient Service Revenue / Gross Patient Service Revenue
= Gain or (Loss) from Operations / Net Patient Service Revenue
Note: For those Assignments in this course that require you to perform calculations you must:
- Use the ‘Week 3 Application Assignment Template’ from your Learning Resources
- Show all your calculations and formulas in the spreadsheet
A title and reference page are NOT needed in this assignment. Put your name and assignment at the top of the Excel spreadsheet.
For those not comfortable with the use of Microsoft Excel, this weekâ€
s Optional Resources suggest several tutorials.
To prepare:
- Review the information in this weekâ€s Learning Resources dealing with ratios and how they are calculated.
- View the Week 3 Application Assignment Tutorial: Ratio Calculations, (video) provided in this weekâ€s Learning Resources.
- Use the Week 3 Application (Scenario) Assignment Template, provided in this weekâ€s Learning Resources, to complete this assignment.
- Review the Statement of Revenues and Expenses in the Week 3 application (scenario) assignment template. With the information, calculate the financial ratios
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