Question

James Reiter has recently applied for the position of administrator of Winter Park Rehabilitation and Nursing...

James Reiter has recently applied for the position of administrator of Winter Park Rehabilitation and Nursing Home Inc. and has been invited for an interview. Because James wants to be well prepared for the interview, he compiled the following 2018 financial data for Winter Park Rehabilitation and Nursing Home Inc. with the intent of performing a rough financial condition analysis.

Total revenue

$20,264,268

Net income

$1,215,856

Total assets

$13,509,512

Total liability

$6,004,228

Also, he identified the following industry average data:

Total margin

5.2%

Total asset turnover

1.4

Equity multiplier

2.3

Return on equity

?

Using Du Pont analysis, what judgement should James make about Winter Park Rehabilitation and Nursing Home’s financial condition? Please show your work.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT