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ExHIBIT 4.20 STATEMENT OF OPERATIONS FOR LOUISVILLE COMMUNITY HOSPITAL Loulsville Community Hospital Statement of Operations for the Years Ended December 31 20X1 and 20X0 (in thousands) Net patient service revenue Net assets released from restriction $23,000 $19,000 Total operating revenues 24,000 19,800 Salaries and benefits 13,000 7,000 2,500 9,000 6,000 2,000 Supplies and other expenses Depreciation General services Total operating expenses 100 17,100 22,700 Operating income Nonoperating income 2.700 Excess of revenue over expenses 5,300 5,200 Increase (decrease) in net assets $5,200 category. Assume for this analysis that Longwood is a 350-bed facility and its adjusted discharges were 5,500 for 20X0 and 5,400 for 20X1 14. Ratio analysis. Exhibits 4 20a and 420b show the statement of operations and balance sheet for Louisville Community Hospital for the years ended 20X0 and 20x1. Compute the following ratios for both years: current, quick, acid test, days in accounts receivable, days cash on hand, average payment period, operating revenue per adjusted discharge operating expense per adjusted discharge, salary and benefit expense as a percentage of total operating expense, operating margin, nonoperating revenue, retun on total assets and net assets, total asset turnover, fixed asset turnover, age of plant, long-term debt to net assets, and net assets to total assets. Comment on Louisville's liquidity; effi- cient use of assets; revenue, expense, and profitability;and capital structure, citing at least

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