Business plan

7.6 Standard Ratios

Standard business ratios for Ambulance Services / Emergency Medical Services SIC 4119 are included in the table for comparison. The ratios show a plan for balanced, healthy operations.

Table: Ratios

Ratio Analysis
	2011	2012	2013	Industry Profile
Funding Growth	0.00%	3.00%	3.00%	6.81%
Percent of Total Assets
Other Current Assets	3.69%	3.45%	3.24%	29.08%
Total Current Assets	27.77%	32.40%	36.58%	53.64%
Long-term Assets	72.23%	67.60%	63.42%	46.36%
Total Assets	100.00%	100.00%	100.00%	100.00%
Current Liabilities	2.66%	2.61%	2.50%	24.71%
Long-term Liabilities	23.21%	21.72%	20.38%	26.63%
Total Liabilities	25.87%	24.33%	22.88%	51.34%
Net Worth	74.13%	75.67%	77.12%	48.66%
Percent of Funding
Funding	100.00%	100.00%	100.00%	100.00%
Gross Surplus	64.34%	64.34%	64.34%	75.68%
Selling, General & Administrative Expenses	52.13%	52.00%	51.87%	43.25%
Advertising Expenses	0.00%	0.00%	0.00%	0.75%
Surplus Before Interest and Taxes	16.72%	16.72%	16.72%	2.24%
Main Ratios
Current	10.43	12.41	14.63	1.57
Quick	10.43	12.41	14.63	1.25
Total Debt to Total Assets	25.87%	24.33%	22.88%	60.74%
Pre-tax Return on Net Worth	8.71%	8.31%	7.96%	7.80%
Pre-tax Return on Assets	6.45%	6.29%	6.14%	3.06%

Additional Ratios	2011	2012	2013
Net Surplus Margin	12.21%	12.34%	12.47%	n.a
Return on Equity	8.71%	8.31%	7.96%	n.a
Activity Ratios
Accounts Payable Turnover	12.59	12.17	12.17	n.a
Payment Days	27	29	30	n.a
Total Asset Turnover	0.53	0.51	0.49	n.a
Debt Ratios
Debt to Net Worth	0.35	0.32	0.30	n.a
Current Liab. to Liab.	0.10	0.11	0.11	n.a
Liquidity Ratios
Net Working Capital	$264,711	$335,561	$409,292	n.a
Interest Coverage	3.71	3.82	3.93	n.a
Additional Ratios
Assets to Funding	1.89	1.96	2.03	n.a
Current Debt/Total Assets	3%	3%	3%	n.a
Acid Test	10.43	12.41	14.63	n.a
Funding/Net Worth	0.71	0.67	0.64	n.a
Dividend Payout	0.00	0.00	0.00	n.a

Table: Funding Forecast

Funding Forecast
		Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Funding
Direct Public Support Services		$0	$0	$15,261	$0	$0	$16,024	$0	$0	$16,826	$0	$0	$17,667
Government Contract Services		$34,631	$35,670	$36,740	$37,842	$38,977	$40,146	$41,350	$42,590	$43,868	$45,184	$46,540	$47,936
Total Funding		$34,631	$35,670	$52,001	$37,842	$38,977	$56,170	$41,350	$42,590	$60,694	$45,184	$46,540	$65,603
Direct Cost of Funding		Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Program Services		$15,478	$15,478	$15,478	$15,478	$15,478	$15,478	$15,478	$15,478	$15,478	$15,478	$15,478	$15,478
Management		$774	$774	$774	$774	$774	$774	$774	$774	$774	$774	$774	$774
Fundraising		$0	$0	$0	$0	$0	$3,674	$0	$0	$0	$0	$0	$0
Subtotal Cost of Funding		$16,252	$16,252	$16,252	$16,252	$16,252	$19,926	$16,252	$16,252	$16,252	$16,252	$16,252	$16,252