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MHA 706 Module 3 Exam/46 Questions with answers (LSUS MHA 706 Ratio)
MHA 706 Module 3 Exam/46 Questions with answers (LSUS MHA 706 Ratio)
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MHA 706 Module 3 Exam/46 Questionswith answers (LSUS MHA 706 Ratio)
Ratio Analysis - -technique used in financial condition analysis
-Financial ratio analysis - -combines values from the financial statements to
create single numbers that facilitate comparisons
-Profitability ratio - -answers the question- is the business generating
sufficient profits
-Liquidity ratio - -can the business meet its cash obligations or debts
-Debt management ratio - -answers whether the business is using the right
mix of debt and equity
-Asset Management - -looks at whether the business has the right amount
of assets for the patient volume that it has.
-Total margin - -net income /total revenue
-Operating margin - -operating income/operating revenue
-ROA - -net income/ total assets
-ROE - -net income/ total equity
-Return on assets - -for every dollar that we invested in assets, the hospital
generated about $__ in net profit.
-Return on equity - -for every dollar invested by the owners or the
community in this case, the hospital is generating about $__ in net profit.
-With the debt ratio - -the higher the number it's worse. So you want lower
values. While in the times interest earned, higher are better.
-FA turnover - -total revenue (net operating + nonoperating)/ net fixed
assests
-TA turnover - -total revenue (net operating + nonoperating)/ total assets
-Days in patient accounts receivable - -Net patient accounts receivable/(net
patient service revenue/365)
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