From all the knowledge needed to effectively manage a healthcare organization, one of the most important areas is understanding the business’s current financial condition.
Financial analysis can be defined as the process of assessing the financial condition of a firm. It can be very useful in understanding the financial position of a company. There are a number of different ratios that can be used for this purpose, but each has it benefits and limitations.
Select several ratios you think are valuable when trying to understand the financial condition of a health care company and explain why you have selected them, explaining both the benefits and potential limitations of those ratios.
Embed course material concepts, principles, and theories (which require supporting citations) in your initial response along with at least one scholarly, peer-reviewed journal article. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references. Use Saudi Electronic University academic writing standards and APA style guidelines.
