Horizontal, vertical, and ratio analyses. Exhibits 4.28a and 4.28b show the statement of operations and balance sheet for the 375-bed Island Regional Medical Center for 20X0 and 20X1.
a. Perform a horizontal analysis on both statements.
b. Perform a vertical analysis on both statements relative to 20X0.
c. Compute all the selected ratios listed in Exhibit 4.16a, and compare them with the benchmarks.
Using these financial performance measures, evaluate the financial state of Island. The debt principal payments each year are $4,500,000, and adjusted discharges are 13,500 for 20X0 and 14,000 for 20X1.
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