Healthcare FinanceSpring 2020Homework #21.A. From a financial perspective, briefly describe the concept of a business. B. What is the difference between a business and a pure charity?2.What are the three legal forms of business organization? What are the advantages and disadvantages of each one?3.What are the primary differences between investor-owned and not-for-profit corporations?4.What is the difference between a standard corporation (C-corporation) and a benefitcorporation (B-corporation)?5.A. What is the primary goal of investor-owned corporationsB. What is the primary goal of most not-for-profit healthcare corporations?C. Are substantial differences found between the financial goals of investor owned and not-for-profit corporations? Explain your answer. D. What is an agency problem?6.A. Why are tax lows important to healthcare financeB. What three major advantages do tax laws give to not-for-profit corporations?7.Assume that Provident Health System, a for-profit hospital, has $1 million in taxable income for 2019, and its tax rate is 30 percent. a.Given this information, what is the firm’s net income? (Net incme is what remains after taxes have been paid.)b. Suppose the hospital pays out $300,000 in

Danielle enjoy working as in certified public accountant (cpa) and assisting small business and individuals with managing their financial and taxes . which general area of accounting is her specialty ?

Pettijohn inc. the balance sheet and income statement shown below are for pettijohn inc. note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. balance sheet (millions of $) assets 2016 cash and securities $ 1,554.0 accounts receivable 9,660.0 inventories 13,440.0 total current assets $24,654.0 net plant and equipment 17,346.0 total assets $42,000.0 liabilities and equity accounts payable $ 7,980.0 notes payable 5,880.0 accruals 4,620.0 total current liabilities $18,480.0 long-term bonds 10,920.0 total debt $29,400.0 common stock 3,360.0 retained earnings 9,240.0 total common equity $12,600.0 total liabilities and equity $42,000.0 income statement (millions of $) 2016 net sales $58,800.0 operating costs except depr'n $54,978.0 depreciation $ 1,029.0 earnings bef int and taxes (ebit) $ 2,793.0 less interest 1,050.0 earnings before taxes (ebt) $ 1,743.0 taxes $ 610.1 net income $ 1,133.0 other data: shares outstanding (millions) 175.00 common dividends $ 509.83 int rate on notes payable 1. what is the firm's current ratio? (points : 6) 0.97 1.08 1.20 1.33 2. what is the firm's quick ratio? (points : 6) 0.49 0.61 0.73 0.87 3. what is the firm's total assets turnover? (points : 6) 0.90 1.12 1.40 1.68 4. what is the firm's inventory turnover ratio? (points : 6) 4.38 4.59 4.82 5.06 5. what is the firm's debt ratio? (points : 6) 45.93% 51.03% 56.70% 70.00% 6. what is the firm's roa? (points : 6) 2.70% 2.97% 3.26% 3.59% 7. what is the firm's roe? (points : 6) 8.54% 8.99% 9.44% 9.91%

4. the condition requires that only one of the selected criteria be true for a record to be displayed.