Given the following industry average ratios for managed care organizations and nursing homes explain why the ratios are different between the two industries.
Given the following industry average ratios for managed care organizations and nursing homes explai Show more Given the following industry average ratios for managed care organizations and nursing homes explain why the ratios are different between the two industries. Managed Care Industry Averages: Total margin 3.8% Total asset turnover 2.1 Equity multiplier 3.2 Return on equity 25.5% Return on assets 8.0% Current ratio 1.3 Days cash on hand 41 days Average collection period 7 days Debt ratio 69% Debt-to-equity ratio 2.2 Times interest earned ratio 2.8 Fixed asset turnover ratio 5.2 Nursing Home Industry Averages: Total margin 3.5% Total asset turnover 1.5 Equity multiplier 2.5 Return on equity 13.1% Return on assets 5.2% Current ratio 2.0 Days cash on hand 22 days Average collection period 19 days Debt ratio 71% Debt-to-equity ratio 2.5 Times interest earned ratio 2.6 Fixed asset turnover ratio 1.4 Show less
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