HSA 6175 Assignment 3 Wynn Memorial Nursing Home Financial Ratio

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Listed below are the balance sheet and statement of operations for Wynn Memorial Nursing Home for 2008 and 2009. 


  

1. Compute the following ratios for Wynn Memorial Nursing Home for 2008 and 2009

  

2. Compare the year 2009 to the median:

a. calculate the variance

b. determine if the variance is favorable or unfavorable

3. Compare the two years:

a. calculate the variance

b. determine if the variance is favorable or unfavorable

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