East Pacific Hospital
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Operations Statement
for Year Ended December 31, 2015
Revenues $96,000,000
Expenses 94,000,000
Operating income $2,000,000
East Pacific Hospital
Balance Sheet
December 31, 2015 and 2014
2015 2014
Assets
Current assets $21,000,000 $18,000,000
Property, plant, and equipment 64,000,000 63,000,000
Total assets $85,000,000 $81,000,000
Liabilities and net assets
Liabilities
Current liabilities $17,000,000 $14,000,000
Bonds payable 64,000,000 65,000,000
Total liabilities 81,000,000 79,000,000
Net assets
Unrestricted net assets 4,000,000 2,000,000
Total liabilities and net assets $85,000,000 $81,000,000
HealthcareAppAccFinManage_McKee_final.indd 83 5/8/16 10:20 PM
Copyright 2016. Health Administration Press.
All rights reserved. May not be reproduced in any form without permission from the publisher, except fair uses permitted under U.S. or applicable copyright law.
EBSCO Publishing : eBook Collection (EBSCOhost) – printed on 11/8/2022 9:52 AM via PARK UNIVERSITY
AN: 1839067 ; Thomas McKee.; Healthcare Applications: A Casebook in Accounting and Financial Management
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84 Healthcare Applications: A Casebook in Accounting and Financial Management
Assignments and Questions
1. Compute the total profit margin ratio for 2015. Is this good if the industry aver-
age is 2.5 percent?
2. Compute the return on assets ratio for 2015. Is this good if the industry average
is 8.3 percent?
3. Compute the return on equity ratio for 2015. Is this good if the industry average
is 5 percent?
4. What balance sheet account provides the link between the balance sheet and the
operations statement?
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