The financial records of carter health system

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Reference no: EM132053328

1. Using the information below, determine the Days Cash on Hand for WTX Hospital:

Cash and equivalents: $12,250

Short-term investments: $8,500

Net fixed assets: $278,000

Accounts receivable: $62,500

Wages & salaries: $125,000

Administrative costs: $25,000

Supplies: $10,750

Insurance: $7,250

Depreciation: $12,350

Notes payable: $18,750

Net Assets (equity): $62,500

A. 26.6

B. 28.2

C. 24.8

D. 38.0

E. 45.1

2. A fire destroyed a large percentage of the financial records of Carter Health System. You have the task of piecing together information to prepare a financial report. You find the profit margin to be 6.5 percent. If sales were $4 million on total assets of $3 million, and the amount of debt financing was $800,000, what was Carter's return on equity (ROE)?

A. 11.8 percent

B. 16.0 percent

C. 18.2 percent

D. 20.6 percent

E. 12.5 percent

Reference no: EM132053328

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