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Assignment:
Provide a brief explanation of the following:
a) the difference between the ratios mentioned below;
b) what each ratio conveys to hospital administrators;
c) which financial statement you would use to get the data to complete each ratio; and,
d) define if you would need any other information to provide a status of the operation to the hospital COO
(Hint: note that it is the Chief Operations Officer who you are meeting with).
fixed asset turnovrt= total revenue/ net fixed assets
TA turnover= total revenue/ total assets
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