Source of Revenue: Review of Financial Statements, health and medicine homework help
Download and review the financial statements of Ascension Health, a nonprofit, religious-based healthcare system, from http://ascension.org/about/community-and-investor-relations
Download and review the financial statements of HCA Holdings, Inc., a for-profit healthcare system. You can find the financial statements on one the many sites where such information is available, such as https://www.zacks.com/ or http://www.marketwatch.com/. Search the site with HCA Holdings’ ticker symbol (“HCA”) and then look for the “Financial” tab or section when you come to the site’s HCA Holdings page.
Part I
Review the companies’ balance sheets, statements of income/operations, and statements of cash flows. Identify and describe five similarities and five differences between the two companies’ financial statements.
Part II
After analyzing the statements, respond to the following:
- You have reviewed information on three financial statements for two respective organizations. In what way is each statement useful? Which statement seems to you most useful?
- If, due to time constraints, your organization could only prepare one financial statement, which one—balance sheet, statement of income, or statement of cash flow—would you recommend? Why?
- Write 2–3-page report. Include refences