Finacial Data Anlysis
Submitted By tammy42
Financial Data Analysis Tammy L. Wilson HCS/577 July 15, 2015 Tricia Jenkins
After going over the balance sheet for Patton-Fuller Hospital for the year of 2008-2009, I observed there to be significant differences, these stand- out such as the such as the retained earnings ( or “Net Worth” or “Unrestricted Fund Balance”) drastically decreased from 2008-2009 (Apollo Group 2006). The dollar amount of the decrease is -209,407 this bringing the percentage to 65%. The long- term debt rises to 116% from 2008-2009 as well (Apollo Group 2006). This is very huge increase, along with the total current liabilities increased as a whole by 184.09% (Apollo Group 2006). In the documents of the statement of revenue and expenses there are major differences. The operating income decreased by 98% from 2008-2009 (Apollo Group 2006). Also the net income decreased between the years of 2008-2009, this was also by 98%. Non-operating income was dropped by 77%. From what I observed the total revenue and expenses were all with-in the normal range even though the operating income, non-operating, and net income all have declined and by a very noticeable rate (Apollo Group, 2006). It had a total revenue that had grown by 10%, which equals to $41,668.00. The increase of expenses was $25,869 or in percentages equaled to 5 .91%. According to Apollo Group 2006 these were all in reasonable range for the increase. Many different factors can play a part of the equasion as to why there are so many different fluctuation as well as the changes between the years of 2008-2009. This information can almost always be found in the organization’s annual report....