I know that you cannot answer homework questions directly, but in my accounting class we have to do a financial statement for Arcadia Hospital which is our checkpoint for Axia College of University of Phoenix. I did see previous question hoping to get more of a general idea of what is needed.
The assignment is asking cureent ratio, total asset turnover ratio, inventory ratio, asset,equity long-term debt/equity, and total margin. Then we have to explain. I am sure that this is sounding familar to you.
The question, where can I find additional information that would help me to understand more about this other than our chapter 4 reading assignment which is on "Organizational Diagnostics: Financial Statement Analysis."
Any help would be great... Thank you in advance.
To find additional information about financial statement analysis and the specific ratios you mentioned, there are several options you can consider:
1. Online resources:
- Search for reputable websites or online resources that provide explanations and examples of financial ratios, such as Investopedia, Corporate Finance Institute, or financial websites like Yahoo Finance or Bloomberg. These sources often offer detailed explanations and examples that can help you understand the formulas and how to interpret the ratios.
- You can also search for academic articles or research papers related to financial statement analysis. JSTOR, Google Scholar, or your university library's database can be good starting points.
2. Textbooks or reference books:
- Check if your university library has textbooks related to financial accounting, financial statement analysis, or corporate finance. These textbooks usually have chapters dedicated to financial ratios and provide explanations and illustrations.
- Look for reference books specifically focused on financial ratios. Some popular titles include Financial Ratios for Executives: How to Assess Company Strength, Fix Problems, and Make Better Decisions by Michael Rist, or Financial Ratios and the Prediction of Corporate Failure by Paramita Mukherjee.
3. Online courses or tutorials:
- Consider enrolling in online courses or tutorials that cover financial statement analysis or accounting topics. Platforms like Udemy, Coursera, or Khan Academy offer courses on financial analysis or accounting that can provide in-depth explanations with practical examples.
Remember, while these resources can offer valuable insights, it's important to critically evaluate and cross-reference the information you find. Comparing multiple sources will help you form a well-rounded understanding of the concepts involved in financial statement analysis and the specific ratios you need to calculate for your assignment.