Reference no: EM131430329 , Length: word count:700

alance Sheet Worksheet

Consider the following scenario:

Imagine you are a manager of a small health care facility and in charge of developing an annual balance sheet to help your stakeholders understand the organization's financial standing.

Your health care facilities figures are as follows:

Your facility has $700,000 of cash on hand, $1,300,000 in accounts receivables, $175,000 in inventory, and $150,000 in supplies.

Your chief financial officer has provided you with the following assets:

Land value	$3,000,000
Property value	$   287,500
Plant value	$   287,500
Investment income (loss)	$   147,000
Equipment value	$   350,000

Your chief financial officer has provided you with the following liabilities:

Accounts payable	$1,400,000
Wages payable	$   480,000
Taxes payable	$   225,000
Loans payable	$   70,000
Bonds payable	$   68,000

Your chief financial officer has provided you with the following owners equity:

Retained earnings	$   148,000
Stock	$   340,000

Using the ABC Health Care Balance Sheet template, complete a balance sheet in which you include the net profit (loss).

Write a 350- to 700-word executive summary that explains to the board of directors how you developed the balance sheet and its importance.

Include the following in your summary:

• Explain the process for creating a balance sheet.

• Explain the total assets, liabilities, and net worth (loss).

• Explain the use of profitability, liquidity, and debt ratios.

Cite at least 2 sources, including your textbook.

Format your assignment according to APA guidelines.