Calculate the Average Length of Stay for the Following Patients

question 10

Short Answer

Calculate the average length of stay for the following patients who were discharged on July 14.
$\begin{array} { l l } \underline {\text { Patient } }&\underline { \text { Adriitted }} \\\text { Patient 1 } & \text { March18 } \\\text { Patient 2 } & \text { July13 } \\\text { Patient3 } & \text { July14 } \\\text { Patient4 } & \text { Jule } 30 \\\text { Patient 5 } & \text { July7 }\end{array}$

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.

Liquidity

The ability to convert assets into cash.

Noncurrent Assets

Long-term assets not expected to be converted into cash within a year, such as property, plant, and equipment.

Uncollectible

Refers to debts or receivables that are deemed not recoverable and are therefore written off as a loss.