Using the Following Amounts Taken from the Balance Sheet and Income

question 19

Essay

Using the following amounts taken from the balance sheet and income statement of a business,compute the measures listed below.After each answer,write "L" if it is a measure of liquidity or "P" if it is a measure of profitability.Round to two decimal places.
$$\begin{array} { l r l r } \text { Current assets } & \$ 6,000 & \text { Average stockholders' equity } & \$ 15,000 \\\text { Average total assets } & 30,000 & \text { Net sales } & 19,500 \\\text { Current liabilities } & 4,500 & \text { Net income } & 2,400 \\\text { Long-term liabilities } & 10,500 & &\end{array}$$

a. Return on assets
b. Working capital
c. Return on equity
d. Current ratio

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Definitions:

Health Care Workers

Professionals involved in the delivery of health services, including doctors, nurses, therapists, and paramedics.

Hospital Schedules

The carefully planned timetables that allocate and manage hospital resources, including staff shifts and patient appointments, to ensure efficient operation.

Medical Dominance

The preeminent position and influence of the medical profession over other healthcare professions and sectors of healthcare.

Affluent Patients

Individuals who have significant financial resources and access to a wide range of healthcare services and treatments.