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The following information is extracted from Alpha Hospital balance sheet. Compute (a) Alpha current ratio and (b) the number of days revenue in patient accounts receivable. (Alpha reported net patient service revenue of $ 76,245,000.)Cash and cash equivalents ........ $ 5,432,000Short term investments ......... 2,317,000Long term investments ......... 15,641,000Patient accounts receivable, net ....... 10,903,000Supplies inventory ............ 1,815,000Current portion of long- term debt ..... 2,900,000Long term debt, net of current portion .... 22,600,000Accounts payable and accrued expenses .... 5,615,000
Assets limited as to use Change in interest in hospital foundation temporarily restricted assets Estimated liability for malpractice costs
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