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13.1 a. What is the primary difference between financial statement analysis and operational analysis?

b. Why are both types of analyses useful to healthcare managers and investors?

13.2 Should financial statement analyses be conducted only on historical data? Explain your answer.

13.4 a. Assume that Old Gatorland and Badger Manor, two operators of nursing homes, have fiscal years that end at different times”??say, one in June and
one in December. Would this fact cause any problems when comparing ratios between the two businesses?

b. Assume that two companies that operate walk-in clinics both have the same December year end, but one (a winter resort) is based in Aspen, while the
other (a summer resort) operates on Nantucket Island. Would this lead to problems in a comparative analysis?

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