CSUDH Variances & Changes in The Income Statement & Balance Sheets Memorandum

Variance Memo

For your critical thinking assignment this week, write a 2 page memo to your Chief Executive Officer describing the variances and changes in the income statement and balance sheets for Good Samaritan Medical Center. For this assignment:

• Review the income statement which is Exhibit 11.2 on page 327 of our text and the balance sheet which is Exhibit 12.2 on page 356.
• Describe the differences or changes from 2015 to 2016 relating to the income and expenses of the firm.
• Describe the differences or changes from 2015 to 2016 relating to the Balance Sheet.
• You should provide some hypothetical situations of why changes occurred between 2015 at 2016.
• Recommendations of future financial stability of the hospital based on these financial documents.