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
Objectives of Inventory management After going through this section, you will be capable to: highlight the requirement for and nature of inventory; describe the meth

does closing balance of cash flow statement equals to cash in balance sheet

Enumerate the characteristics of accounting information Qualities, or characteristics, which have just been depicted would help us to decide whether accounting information is p

The current market price of a Leigh bond is $1,297.6. If the coupon rate is 10% and the par value is equal to $1,000, what is the yield to maturity of the bond if it matures in 10

Determine the term- Understandability Accounting reports must be expressed as clearly as possible and must be understood by those at whom the information is aimed.

Ademption If property which has been specifically bequeathed does not belong to the testator at the time of his death, or has been converted into property of a different kind,

Q. What is Permanent Negotiating Machinery? Two Federation of Union All Indian Railway men's federation (AIRF) & National Federation of Indian Railway (NFIR) men have been reco

Q. What is Backup Withholding? Backup Withholding -Payers of interest, dividends and other reportable payments shouldwithhold income tax equal at a rate equal to the fourth low

Complete the table and use the information to determine profit maximization or loss minimization. 1. Complete the table Normal 0 false false false EN-I

Efficiency Ratios - These ratios include Receivables Turnover, Inventory Turnover, Asset Turnover and Net Working Capital Turnover ratios. Efficiency ratios demonstrate the utili