The University Ambulatory Care Center (UACC) is a 400 bed teaching hospital affiliated with the local university. You have just been selected as the new Chief Executive Officer of UACC. The former CEO, Mr. Riley, was terminated because of her inability to engage in key managerial functions. Mr. Riley was unable to effectively use financial information to assess the financial health of UACC and make decisions regarding current and future operations of the center. At the request of the Board of Trustees, you have been scheduled to meet the organization''s Chief Financial Officer and Accountant. They have provided financial information in table format below. Your assignment is to: 1. Apply relevant ratios in assessing the financial health of ABC, 2. Prepare a presentation for the Board discussing the financial health of ABC. Your paper should be 4-5 pages (or a 12-15 slide presentation) in length. INCOME STATEMENT Below the first figure represents 2006 & the second is for 2007 Patient Revenues $43,234,000 $48,224,000 Deductions from Revenue $6,602,0000 $4,000,000 Net Patient Revenue $36,632,000 $44,224,000 Other operating Revenues $2,312,000 $4,350,000 Total revenues $34,320,000 $39,874,000 Salaries $9,620,000 $8,670,000 Other Expenses $4,026,000 $5,723,000 Total Expenses $13,646,000 $14,393,000 BALANCE SHEET Below the first figure represents 2006 & the second is for 2007 Assets - - Cash and Cash Equivalent $2,439,000 $1,606,000 Accounts Receivables $6,704,000 $8,603,000 Total Current Assets $9,143,000 $10,209,000 Other Assets $9,968,000 $13,203,000 Property, Plant and Equipment $25,579,000 $27,508,000 TOTAL ASSETS $44,690,000 $50,920,000 - - - Liabilities - - Accounts Payable $2,215,000 $1,891,000 Other Current Liabilities $5,091,000 $3,467,000 Total Current Liabilities $7,306,000 $5,558,000 Long-Term Debt $35,324,000 $38,292,000 TOTAL LIABILITIES AND DEBT $42,630,000 $43,850,000