Using the financial statements from the Major Medical Center Case Study at the end of chapter 14, analyze the following: •Review the auditor’s opinion letter and analyze any concerns. •Review the financial statements. Analyze any unusual items and examine the balance sheet, operating statement, and cash flow statement. •Review the notes and analyze any causes for concern.

•Calculate the following ratios using Excel: common size, current, quick, days of cash on hand, receivables turnover, average collection period, fixed asset turnover, total asset turnover, debt, debt to equity, times-interest-earned, operating margin, total margin, ROA, and RONA. •Evaluate Major Medical Center’s financial status.sheet, operating statement, and cash flow statement?