Financial Data Analysis

TanaPe

Write a 700- to 1,050-word analysis of the audited financial statements of Patton-Fuller Hospital for 2008 and 2009.

Include in your analysis:

Balance Sheet in a Microsoft® Excel® document including columns for the following:
- 2008 financial data
- 2009 financial data
- The amount of change in dollars
- The percent change
Statement of Revenue and Expenses in a Microsoft® Excel® document including columns for the following:
- 2008 financial data
- 2009 financial data
- The amount of change in dollars
- The percent change
Identify significant changes between the years.
Provide possible explanations for the change based on information in the Annual Report.

Submit the Microsoft® Excel® worksheets with the written analysis.

Format your assignment consistent with APA guidelines.

Note. Word count does not include the Balance Sheet or Statement of Revenue and Expenses.

FINANCIAL STATEMENTS

Patton - Fuller Community Hospital Balance Sheet 2009 - 2008 (In Thousands) (Unaudited)
	2009	2008
Assets
Current Assets
Cash and Cash Equivalents	$22,995	$41,851
Assets of Limited Use	27,594	41,851
Patient Accounts Receivable (net of Allowance for Bad Debts 2009: $10,757 2008: $6,777)	59,787	37,666
Other Receivables (3rd party payer settlements)	---	87
Inventories	18,396	8,370
Prepaid Expenses	95	201
Total Current Assets	$128,867	$130,026
Other Assets
Funded Depreciation	$137,970	$167,404
Held under Bond Indenture	73,584	75,332
Property, Plant and Equipment, net	248,346	175,774
Total Assets	$588,767	$548,535

Liabilities and Equity
Current Liabilities
Current portion of long-term debt	$14,599	$4,185
Accounts payable, accrued expenses	9,198	4,185
Bond interest payable	10	10
Total Current Liabilities	$23,807	$8,380
Other Liabilities
Long-term debt	$452,945	$209,255
less: current portion of long-term debt	14,599	4,185
Net long-term debt	$438,346	$205,069
Total Liabilities	$462,153	$213,450

Equity
Common Stock, $ 0.01 par value 10,000,000 shares authorized 5,000,000 shares outstanding	$50	$50
Additional paid-in capital	0	0
Retained Earnings (or "Net Worth" or "Unrestricted Fund Balance")	126,564	335,035
Total Liabilities and Equity	$588,767	$548,535