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Question - As a health care manager, daily management tasks include financial management. Financial management includes items such as labor cost, equipment cost, and a budget that controls the operations. Proper operations requires planning and control. The budget is created using the basic financial information and accounting principles that an organization uses in its monthly, quarterly, and annual financial reports.
After learning the basics of financial statements, it is very important for a health care manager to understand the basic five areas of performance that set the financial plan for the organization.
Define and provide an example of what the following mean: Short-term solvency Activity Financial leverage Profitability Value Define the following terms, and explain why they are important in a health care organization: Current ratio Total asset turnover Debt ratio Profit margins Include a minimum of 2 references.
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This solution was based on corporate financial analysis and solvency.All the present contents are in accordance with the given and said instructions there in the assignment and rubrics and were free from plagiarism.Word count total of this solution is more than 1,000 words.The final solution to this assignment is submitted in Microsoft Office word document file in Times New Roman 12 font size.
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