NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance

Grand Canyon University NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance-Step-By-Step Guide

This guide will demonstrate how to complete the Grand Canyon University NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.

How to Research and Prepare for NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance                           

Whether one passes or fails an academic assignment such as the Grand Canyon University NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.

After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.

How to Write the Introduction for NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance                         

The introduction for the Grand Canyon University NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.

How to Write the Body for NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance                         

After the introduction, move into the main part of the NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.

Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.

How to Write the Conclusion for NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance                         

After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.

How to Format the References List for NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance                           

The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.

Stuck? Let Us Help You

Completing assignments can sometimes be overwhelming, especially with the multitude of academic and personal responsibilities you may have. If you find yourself stuck or unsure at any point in the process, don’t hesitate to reach out for professional assistance. Our assignment writing services are designed to help you achieve your academic goals with ease. 

Our team of experienced writers is well-versed in academic writing and familiar with the specific requirements of the NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance assignment. We can provide you with personalized support, ensuring your assignment is well-researched, properly formatted, and thoroughly edited. Get a feel of the quality we guarantee – ORDER NOW. 

Sample Answer for NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance

Re: Topic 8 DQ 2

Liquidity Ratios: These ratios consist of short term items. The assets are divided by the liabilities over one year, and shows the ability to pay short-term obligations. The quick/acid-test ratio is a computation removing inventory from current assets. This subtraction is made because inventory loses value when sold for cash (Leger, 2021).

Activity Ratios: These measure the efficiency of the organization to manage its assets. Simply put, the faster a facility can collect cash payments from insurance or private payments, the quicker it can pay its obligations, or have cash available for issues that come about. To calculate the activity ratio, the accounts receivable is divided by the average daily revenue. Inventory, if not charged for separately, cannot be calculated in this ratio. Long-term assets, like buildings, equipment and bed capacity are figured in as well, as they consistently generate revenue, and can indicate the manager’s efficiency (Leger, 2021).

Leverage Ratios: These ratios are figured similarly to an individual’s personal debt, in the case of for-profit organizations. The more debt the organization has, the higher risk to creditors. When a for-profit organization borrows money and then goes into bankruptcy, the assets are sold to pay the creditors and debt first (Leger, 2021). Much like, if a citizen does not pay taxes, the government can put a lien on their property and sell it at auction to recover the debt owed. Interest rates can also be affected by the amount of debt a facility has, again, much like personal debt (Leger, 2021). The more debt an individual has, the higher risk they are for creditors. Therefore, if a person has an excess of credit card debt and wants to take out a car loan, the interest rate on the car loan will be higher than that of a person with lower debt.

Profitability Ratios: These are the measurement of profit for an organization. Many aspects are considered in this ratio, and it tells how well the assets and investments are being utilized. “These ratios are the gross profit margin, operating profit margin, net profit margin, return on total assets, and return on equity” (Leger, 2021, p.253). The operating profit margin is figured by subtracting the costs of operation (electricity, staffing, supplies, etc) from the net revenue (all money made from providing services). This is then divided by the net revenues (Leger, 2021).

Resource:

Leger, M. (2021). Financial management for nurse managers: Merging the heart of the dollar (5th ed.). Jones and Bartlett. ISBN-13: 9781284230932

Sample Answer 2 for NUR 621 Discuss the four major ratio categories and how they affect the organization’s financial performance

According to Financial Management for Nurse Managers, there are key financial ratios that can be classified into four categories, which include liquidity ratios, activity ratios, leverage ratios, and profitability ratios (Leger, 2023). Liquidity ratios are concerned with short-term items such as current ratio and quick/acid-test ratio, which factors in liabilities. For example, if the organization will calculate this by measuring the firm’s ability to pay short-term obligations in the course of one operating cycle, which is typically one year. Activity ratios measure the efficiency and liquidity of asset management, which is the average time it takes a firm to collect and convert receivables into cash. The quicker an organization is able to pay obligations, the quicker they are able to generate cash for opportunities. Leverage ratios, which are also known as capital structure ratios, measure how an organization is financed. For example, for-profit companies can either borrow funds using a debt instrument or sell their shares of stock, which is considered equity financing. Lastly, profitability ratios measure how a firm is doing overall with its basic operations. The operating profit margin is found by taking into account the net revenues providing healthcare services and subtracting all expenses of operations.

References

Leger, J. M. (2023). Financial Management for Nurse Managers: Merging the heart with the dollar. Jones & Bartlett Learning.