See attachment
Module 2 Pre-Assessment Submission
Assessment Submission
Note: Although this formative pre-assessment is not graded, a submission is required before you can advance to your summative assessment.
The Module Pre-Assessment is your opportunity to practice applying module content before submitting the final Competency Assessment. In the Final Assessment, you will be asked to conduct a 5-year analysis of Jiranna Healthcare’s outpatient operational and financial data in order to determine whether or not it is an attractive project.
To prepare for your Final Assessment, complete the following 5-year calculations:
· Net sales, operating expenses, operating income, and net income of Jiranna Healthcare.
· Total profit margin, asset turnover, return on assets, and return on net worth.
· Current ratio, day’s cash on hand, and working capital.
· Debt ratio and times interest earned ratio.
· Complete a DuPont analysis for each of the five most recent years.
Next, reflect on what each of the resulting data mean in terms of the:
· Significance of the trend results.
· Company’s profitability.
· Company’s liquidity.
· Company’s long-term solvency.
· Company’s individual DuPont characteristics (e.g., total margin, total asset turnover & equity multiplier) and trends across the analysis period.
Finally, think about whether you would recommend purchasing Jiranna Healthcare and the rationale for your recommendation.
For this Module Pre-Assessment, create a rough draft of the 5-year analysis you conducted of Jiranna Healthcare outpaitent operational and financial data. Be sure to review the Final Assessment instructions for more information.
Module 3 Pre-Assessment Submission
Note: Although this formative pre-assessment is not graded, a submission is required before you can advance to your summative assessment.
The Module Pre-Assessment is your opportunity to practice applying module content before submitting the final Competency Assessment. In the Final Assessment, you will be asked to complete a capital project spreadsheet based on the case study provided. You also will be asked to conduct a budgeting evaluation.
To prepare for your Final Assessment, review Capital Project Case Study and compete the capital project worksheet. Next, consider whether the project is acceptable assuming Jiranna Healthcare has a corporate policy of not accepting projects that take more than 3.5 years to pay for themselves, and assuming an 11% cost of capital. Then, review the Variance Analysis Case Study and reflect on the calculations that you conduct to answer questions regarding Jiranna’s profit forecast and revised projections and budgeting challenges as well as recommendations you would make for fee-for-service healthcare organizations and capitated healthcare organizations.
For this Module Pre-Assessment, create a draft of your report explaining whether the Capital Project Case Study project is acceptable and why. Then create a draft of your budgeting evalua
Income Statement
Jiranna Healthcare Income Statement December 31, 2013 (in thousands)
2009 2010 2011 2012 2013
Gross patient services revenues (non-GAAP) 8,870 9,490 10,400 11,200 12,050
Less deductions from revenues (non-GAAP) (780) (890) (1,000) (1,500) (1,600)
Net patient service revenues 8,090 8,600 9,400 9,700 10,450
Other operating revenues 519 633 679 717 980
Total operating revenues 8,609 9,233 10,079 10,417 11,430
Operating expenses
Salaries and wages 5,497 5,678 5,890 6,170 6,800
Supplies 823 850 855 890 905
Utilities 558 576 590 595 620
Insurance 44 46 49 54 70
Depreciation 168 173 175 178 188
Interest 142 146 154 179 198
Bad debts 363 375 400 455 500
Other operating expenses 987 1,299 1,560 1,300 1,350
Total operating expenses 8,582 9,143 9,673 9,821 10,631
Operating income 27 90 406 596 799
Nonoperating income 154 195 245 220 290
Excess of revenue over expenses $ 181 $ 285 $ 651 $ 816 $ 1,089
Change in net assets
Unrestricted $ 181 $ 285 $ 651 $ 816 $ 1,089
Temporarily restricted – – – – –
Permanently restricted – – – – –
Total change in net assets 181 285 651 816 1,089
Balance Sheet
Jiranna Healthcare Balance Sheet December 31, 2013 (in thousands)
2009 2010 2011 2012 2013
Current Assets $ 280 $ 124 $ 136 $ 295 $ 355
Cash 30 45 50 75 88
Receivables, net 1,340 1,536 1,700 1,896 2,400
Inventory 140 175 250 276 266
Prepaid expenses 40 32 40 53 78
Total Current Assets 1,830 1,912 2,176 2,595 3,187
Total Assets
Short-term investments 600 1,010 1,200 1,300 1,510
Plant and equipment 6,580 6,780 6,900 7,200 7,500
Less accumulated depreciation -1,660 -1750 -1,800 -1,950 -2,350
Plants and equipment, net 4,920 5,030 5,100 5,250 5,150
Total Assets $ 7,350 $ 7,952 $ 8,476 $ 9,145 $ 9,847
Current liabilities
Accounts payable 370 302 356 370 375
Accrued expenses payable 220 208 212 210 215
Deferred revenues 60 77 87 87 94
Total Current liabilities 650 587 655 667 684
Long-term liabilities 2,400 3,000 3,300 3,500 3,750
Total Liabilities 3,050 3,587 3,955 4,167 4,434
Net assets
Unrestricted 3,000 3,285 3,221 3,678 4,113
Temporarily restricted 700 700 700 700 700
Permanently restricted 600 600 600 600 600
Total Net Assets 4,300 4,585 4,521 4,978 5,413
Total Liabilities and Net Assets 7,350 8,172 8,476 9,145 9,847
Cash Flows
Jiranna Healthcare Cash Flows, 2013 (in thousands)
Cash Flows from Operating Activities
Cash received from patient and third-party payers $ 10,671
Cash received from operating revenue sources 800
Cash received from nonoperating revenue sources 270
Cash payments to employees (5,600)
Cash payments to suppliers of goods and services (4,800)
Net cash flow from operating activities $ 1,341
Cash flows from Investing Activities
Cash payments for purchase of plant assets (1,200)
Cash payments for purchase of long-term investments
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