Health Care

Title: Grouping Expenses by Cost Center/Liquidity Ratios

Grouping Expenses by Cost Center The Metropolis Health System’s Rehabilitation and Wellness Center offers outpatient therapy and return-to-work services plus cardiac and pulmonary rehabilitation to get people back to a normal way of living. The Rehabilitation and Wellness Center expenses include the following: • Nursing Salaries • Physical Therapist Salaries • Occupational Therapist Salaries • Cardiac Rehab Salaries • Pulmonary Rehab Salaries • Patient Education Coordinator Salary • Nursing Supplies • Physical Therapist Supplies • Occupational Therapist Supplies • Cardiac Rehab Supplies • Pulmonary Rehab Supplies • Training Supplies • Clerical Office Supplies • Employee Education

Required 1. Decide how many cost centers should be used for the above expenses at the Center. 2. Set up a worksheet with individual columns across the top for the cost centers you have chosen. 3. For each of the expenses listed above, indicate to which of your cost centers it should be assigned.

Assignment Exercise 11–1: Liquidity Ratios
Refer to the Metropolis Health System (MHS) case study in Chapter 25.
Required 1. Set up a worksheet for the liquidity ratios.
2. Compute the four liquidity ratios using the Chapter 25 MHS financial statements.

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