Description
Outline
Organizational overview and description
Who they are, what they do and financial comparisons of major revenue and expense categories from the 2 year period being reviewed. Compare the 2 periods in actual dollar amounts and percent changes.
Income Statement
Provide financial highlights from the income statement. Select and calculate two ratios. Explain your findings and what you are able to understand about this organization from these ratios (minimum of one page per financial statement ratio analysis). Compare the organization's ratio to the industry average and include that in your analysis.
Cash Flows Statement
Provide an overview of the cash flow statement. Select and calculate two ratios. Explain your findings and what you are able to understand about this organization from these ratios (minimum of one page per financial statement ratio analysis). Compare the organization's ratio to the industry average and include that in your analysis.
Balance Sheet
Provide an overview of financial highlights from the balance sheet. Select and calculate two ratios. Explain your findings and what you are able to understand about this organization from these ratios (minimum of one page per financial statement ratio analysis). Compare the organization's ratio to the industry average and include that in your analysis.
Conclusion
Explanation & Answer
Attached.
Organizational Overview and Description
Mayo Clinic is situated in Minnesota and it is a non profit organization that is headquartered in
Rochester Minnesota and its main service is to provide extensive programs in medical research,
medical sciences, education in clinical medicine, and comprehensive medical care. The
organization is registered and registered under section 501 © of the Internal Revenue Code and
in accordance with section 509 (a) of the code, the organization is described as a public
organization.
Comparing the financial revenues and financial expenses for 2017 and 2016, the financial
revenue for 2017 was 11993, and in 2016 the financial revenue was 10998. This is a clear
indication that the organization has an increase of revenue by 995. This means that its cost has
reduced and the profits have increased. The percentage revenue increase s 995/11993 *100 =
8.30%.
Income Statement
The organization income statement is used to measure the organization’s profitability. It brings
into context the organization’s revenue and organization’s expenses. The difference between the
two brings ...