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Ration Analysis in Decision Making
Finance & Accounting
Pages 4 (1004 words)
The healthcare industry is one of largest and most powerful industries in the world. In 2010 the healthcare industry generated $2,600 billion in sales in the United States in 2010 and it expected to reach $3,538 billion by 2015 (Plunkett Research). In order to analyze the financial information of companies in this industry it is essential to have good accounting knowledge.
The healthcare company that is going to be evaluated in this report is Cameron Memorial Community Hospital. The financial statements of Cameron Memorial Community Hospital are illustrated in Appendix A and B. The tool that is going to be used to analyze the financial statements of the company is ratio analysis. The Cameron Memorial Hospital was founded in 1926 by Don F. Cameron. The hospital is a 25 bed Critical Access Community Hospital. “CMCH is a comprehensive healthcare system that services the Tri-State Area of Northeast Indiana, South Central Michigan and Northwest Ohio” (Cameronmch). Some of the services offered at Cameron Memorial Community Hospital include radiology, sleep center, surgical services, occupational health, and hospice care. There are over 100 doctors working at Cameron Memorial Community Hospital. In order to comply with its civic duties and social responsibility the hospital created the Cameron Hospital Foundation. The 2010 fiscal year of Cameron Memorial Community Hospital started September 30, 2009 and ended September 30, 2010. In 2010 Cameron Memorial Community Hospital generated total revenues of $41.94 million (In). The company’s revenues increase by 4.98% in comparison with fiscal year 2009. ...
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