financial statement and condition analysis
The income statement, balance sheet, and statement of cash flows are three major financial statements that present varyingsnapshots of an organization’s financial position.
For this discussion, do the following:
- Locate an online resource (a link, article, or book, for example) pertaining to the financial statements and financial ratios and/or how either of these concepts is being used within the healthcare industry.
- In your discussion, examine the content and then share the resource (post your resource and use APA style). Summarize the resource(s) and what you find useful about it.
Answer preview
In the article, “What Is the Importance of Financial Ratios in Health Care Organizations?” health organizations can manage the cash flows by analyzing the financial ratios. This makes it possible for the organizations to examine their profitability. The article illustrates that monitoring the financial ratios is essential since the health facilities can quickly detect when there are operational hitches that may go unnoticed (Lazzari, 2018)…
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