17.4 Consider the following financial statements for BestCare HMO, a not-for-profit managed care plan:

a. Perform a Du Pont analysis on BestCare. Assume that the industryaverage ratios are as follows:Total margin                      3.8%Total asset turnover           2.1Equity multiplier                 3.2Return on equity (ROE)   25.5%b. Calculate and interpret the following ratios for BestCare:Industry AverageReturn on assets (ROA)          8.0%Current ratio                              1.3Days cash on hand                 41daysAverage collection period        7daysDebt ratio                                       69%Debt-to-equity ratio                      2.2Times interest earned (TIE) ratio 2.8Fixed asset turnover ratio            5.2

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
1 reply

Trackbacks & Pingbacks

  1. … [Trackback]

    […] Here you will find 87012 more Information on that Topic: uselitetutors.com/2022/05/19/17-4-consider-the-following-financial-statements-for-bestcare-hmo-a-not-for-profit-managed-care-plan/ […]

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *