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Interpret statement of operations and balance sheet. An explanation of each account. For example, the...

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Finance

Interpret statement of operations and balance sheet. An explanation of each account. For example, the company is repaying its debt at an increasing speed year after year. Is it good? Is it bad? Why did it increase or decrease?

Statements of Operations:
(Millions of Dollars)
2016 2017
Premium revenue $313.7 $357.6
Interest revenue 2.4 3.5
Total revenues $316.1 $361.1
Operating expenses:
Medical costs $263.0 $291.8
Selling and administrative 36.8 43.6
Depreciation 4.7 5.0
Total operating expenses $304.5 $340.4
Net income $11.6 $20.7
Balance Sheets:
(Millions of Dollars)
2016 2017
Cash $37.2 $27.2
Short-term investments 42.7 60.9
Premiums receivable 3.7 7.4
Total current assets $83.6 $95.5
Net plant and equipment 30.0 31.7
Total assets $113.6 $127.2
Medical costs payable $44.8 $48.7
Accounts payable/accruals 15.4 17.3
Total current liabilities $60.2 $66.0
Long-term debt 17.1 4.2
Net assets (equity) 36.3 57.0
Total claims $113.6 $127.2

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