Balance sheet, Financial Accounting

1. Consider the following balance sheet:

Best Care HMO                  Balance Sheet               June 30, 2007

Assets  / Current Assets*

Cash

$2737

Net Premiums receivables

$821

Supplies

$387

Total Current Assets

$3945

Net Property & Equipment

$5924

Total Assets

$9869

Liabilities & Net Assets*

Accounts Payable-Medical Services

$2145

Accrued Expenses

$929

Notes Payable

$382

Total Current Liabilities

$3456

Long Term Debt

$4295

Total Liabilities

$7751

Net assets-unrestricted equity

$2118

Total Liabilities & Net Assets

$9869




a.  How does this balance sheet differ from the one presented in your textbook Table for Sunnyvale?

b.  What is Best Care's net working capital for 2007?

c.  What is Best Care's debt ratio? How does it compare with Sunnyvale's debt ratio? 

Posted Date: 2/27/2013 7:09:27 AM | Location : United States







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