Listed below are the balance sheet and statement of operations for Wynn Memorial Nursing Home for…

Listed below are the balance sheet and statement of operations for Wynn Memorial Nursing Home for 2008 and 2009.1. Compute Wynn Memorial Nursing Home’s current ratio.2. Compute Wynn Memorial Nursing Home’s acid (or acid-test) ratio.3. Compute Wynn Memorial Nursing Home’s days in accounts receivable.4. Compute Wynn Memorial Nursing Home’s average payment period.5. Compute Wynn Memorial Nursing Home’s long-term debt to net assets ratio.6. Compute Wynn Memorial Nursing Home’s net assets to total assets ratio.7. Compute Wynn Memorial Nursing Home’s total asset turnover ratio.8. Compute Wynn Memorial Nursing Home’s fixed asset turnover ratio.9. Compute Wynn Memorial Nursing Home’s return on total assets.10. Compute Wynn Memorial Nursing Home’s operating margin.Nursing Home Financial Ratios–Industry MedianCurrent ratio1.98Acid test ratio0.20Days in accts receivable67.19Average payment period56.13Total asset turnover1.02Fixed asset turnover2.20Operating margin0.02Return on total assets0.04Long-term debt to net assets0.62Net assets to total assets0.53
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