Ratio Analysis in Decision Making for Health Care Organization
Financial statements paint a picture of financial health of an organization. Important aspects of the financial statement of a health care organization are ratios. Analysis of ratios show how two numbers relate or compare to one another. Ratios are a way for organizations to make comparison. These comparisons not only encompass what is happening presently but can also be used to make comparisons about numbers and ratios over time. Ratios are a way for organizations to compare themselves with competitors and the industry. (Finkler, Kovner, and Jones, 2007). There are four major ratios that financial statements analyze 1) liquidity 2) activity 3) leverage and 4) profitability. The financial statement for Mayo...
Excerpt from file: RatioAnalysisinDecisionMakingforHealthCareOrganization Rationanalysis Financial statements paint a picture of financial health of an organization. Importantaspectsofthefinancialstatementofahealthcareorganizationare ratios. Analysis of ratios show how two numbers relate or
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