Question

End of the year, The Vulcan Community Hospital's some parts of the balance sheet, the income statement, and cash flow statement is provided below. Based on the provided information, What is the hospital's the Debt Service Coverage?

Some Accounts From The Balance Sheet		Some Accounts From The Income Statement
Current Assets		Revenues
Cash	$ 569,000.00	Net Patient Services Revenue	$400,000.00
Accounts Receivable,Net	$ 185,000.00	Other Operating Revenue	$ -
Inventory	$     95,000.00	Total Reveneues from Operations	$400,000.00
Prepaid Expense	$ 5,000.00	Operating Expenses
Total Current Assets	$ 854,000.00	Salaries and Benefits	$ 18,000.00
Liabilities & Net Assets		Medical Supplies and Drugs	$100,000.00
Current liabilities		Insurance	$ 36,000.00
Accounts Payable	$ 320,000.00	Depreciation	$ 40,000.00
Wages Payable	$     13,000.00	Interest	$ 75,000.00
Total Current Liabilities	$ 333,000.00	Provision for Bad Debts	$ 40,000.00
		Other Operating Expenses	$ -
Some Accounts From The Cash Flow Statement
Cash Flows from Financing Activities
Payment of mortgage principal			$ (35,000.00)
	Net Cash from Financing Activities		$ (35,000.00)

Answer 1

Please find the required answer in the attached sheet

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