Hsm_260

Calculate the following: Current ratio, long term ratio, programs/exspense ratio,general and management exspense ratio and revenue/expense ratio for years 2003 &2004 2003 (A) 2004 (A) CASH FLOW FROM OPERATING ACTIVITIES Excess revenues over expenses ($72,420.00) $219,112.00 Adjustments to reconcile cash provided (used) in operations Depreciation $26,396.00 $36,452.00 Decrease (increase) in accounts receivable $132,160.00 ($110,950.00) Decrease (increase) in prepaid expenses ($314.00) ($2,640.00) Increase (decrease) in accounts payable ($34,875.00) $64,250.00 Increase (decrease) in accrued payroll and related expenses ($11,934.00) $20,405.00 Decrease (increase) in other assets $0.00 ($116.00) Net cash provided (used) in operations $39,013.00 $226,513.00 CASH FLOW FROM INVESTING ACTIVITIES Acquisition of capital items ($17,227.00) ($154,649.00) Net cash used by investing activities ($17,227.00) ($154,649.00) Current Ratio = Current Assets / Current Liabilities 2002 2003 2004 Current Assets 104,296 82,058 302,902 Current Liabilities 139,017 93,975 337,033 Current Ratio 0.75 0.87 0.90 Long-Term Solvency Ratio = Total Assets / Total Liabilities 2002 2007 2008 Total Assets 391,270 359,863 699,004 Total Liabilities 310,246 259,979 338,937 Long-Term Solvency Ratio 1.26 1.38 2.06 Contribution Ratio = Largest Revenue Source / Total Revenue 2002 2003 2004 Largest Revenue Source 617,169 632,889 1,078,837 Total Revenue 1,165,065 1,244,261 2,191,243 Contribution Ratio 0.53 0.51 0.49 Management/expense ratio = Management Expense / Total Expenses 2002 2003 2004 Management Expense 351,000 371,101 445,819 Total Expense 1,185,008 1,316,681 1,972,131 Management/expense ratio 0.30 0.28 0.23 Revenue/Expense Ratio = Total Revenue / Total Expenses 2002 2003 2004 Total Revenue 1,165,065 1,244,261 2,191,243 Total Expense 1,185,008 1,316,681 1,972,131 Revenue/Expense Ratio 0.98 0.94 1.11