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







Related Discussions:- Balance sheet, Assignment Help, Ask Question on Balance sheet, Get Answer, Expert's Help, Balance sheet Discussions

Write discussion on Balance sheet
Your posts are moderated
Related Questions
Q. Calculate infant mortality rate? Mid year population 440000 Late fatal death          29 No. of live birth           5200 No. of infant death      423 No. of mate

I am trying to prepare a statement of cash flows for my accounting class. My professor didn''t give me a sales price for the equipment that was sold. I have that it originally cost

Financial Statement Analysis Group Project 2 ACCT3303 Spring 2013 Due Date: May 5 (by the end of the day) The specific purposes of this project are: 1. Apply to actual companies th

Adjusting Entries Clapton Guitar Company entered into the following transactions during 2013. [The transactions were properly recorded in permanent (balance sheet) accounts unless

Do we recognise revenue if it will be assigned to other party ?

Q. Show danger of high financial gearing? A additional danger of high financial gearing is that a company may move into a loss-making position as a result of high interest paym

You have an investment in a portfolio with a counterparty whose current credit rating is Baa. The current market value of the portfolio is $50,000,000 and its annual volatility is

For getting the EOQ formula we shall use the subsequent symbols: U = annual usage/demand Q = quantity ordered F = cost per order C = per cent carrying cost P  = pric

Format of the Balance Sheet It shows the financial position of the company as at the end of a given financial period. The standard requires that assets and liabilities should b

If fixed costs are $259,238, the unit selling price is $112, and the unit variable costs are $63, what is the break-even sales (units)?