HSN 570 WEEK 4 Ratio and Budget Management Analysis

<span itemprop="name">HSN 570 WEEK 4 Ratio and Budget Management Analysis</span>

HSN 570 WEEK 4 Ratio and Budget Management Analysis

HSN 570 WEEK 4 Ratio and Budget Management Analysis

Conduct a Ratio and Budget Management Analysis using the worksheet.

Research a minimum of two scholarly sources to support your paper.

Ratio and Budget Management Analysis

 

Access the following financial statements from The Moreno Medical Center Virtual Organization website: https://multimedia.phoenix.edu/virtualorgs/moreno-medical-center/

  1. The balance sheet from: Home >> Administration>>Chief Financial Officer>>Financial Statements>> 2013 – 2012 Balance Sheet (Audited)
  2. The income statement from: Home >> Administration>>Chief Financial Officer>>Financial Statements>> 2013 Interim Statement of Income (Unaudited)
  3. The cash flow statement from: Home >> Administration>>Chief Financial Officer>>Financial Statements>> 2013 – 2012 Statement of Cash Flows
  4. The Budget from: Home >> Administration>>Chief Financial Officer>>Budgets>> 2013 Operating Budget Projections

 

Answer the following questions based on your assessments of the financial statements.

  1. Compute and report at least four of the ratios identified in the statements (quick ratio, current ratio, or other)
  2. Summarize what each ratio measures.
  3. Investigate how the organization is performing based on industry standards for those ratios.
  1. Compute cost variances.
  2. Compare your cost variance computations with the variance report at: Home >> Administration>>Chief Financial Officer>>Budgets>> 2013 Operating Budget Varience Report
  3. Analyze cost variances and propose tactics to align actual results to budget.
  4. Defend how benchmarking helps improve budget management and give examples.

Format your paper, including reference page, according to APA guidelines.

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HSN 570 WEEK 4 Ratio and Budget Management Analysis

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