Understanding Finance Formulas for Healthcare Administrators

-Your facility has $789,456 in assets and $356,987 in liabilities. What is your available working capital? (10 points)
-Your facility has $396,399 available in working capital. With $589,118 in assets, what does the facility currently owe? (10 points)
-Your facility has an available working capital of of $247,831. With $126,741 in liabilities, what are your assets? (10 points)
-A facility has current liabilities of $448,923 and current assets of $562,244. What is the facility’s current ratio? (10 points)
-A facility has current liabilities of $496,277 and current net assets of $199,896. What is the facility’s current ratio? (10 points)
-Your facility has 195 residents and it requires 14 labor minutes per meal. How many labor hours are required per week? (10 points)
-Last year’s food costs for your 130-bed facility were $172,430. Your facility had an average occupancy rate of 91% last year. What was the food cost per patient day (PPD)? (20 points)
-If your assisted living facility needs to purchase a piece of equipment 5 years from today, and you can invest 6% compound interest, how much would your facility have to invest today to have approximately $13,382 in 5 years? (20 points)

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