Balance sheet, Financial Accounting

1. Consider the following balance sheet:

Best Care HMO                  Balance Sheet               June 30, 2007

Assets  / Current Assets*



Net Premiums receivables




Total Current Assets


Net Property & Equipment


Total Assets


Liabilities & Net Assets*

Accounts Payable-Medical Services


Accrued Expenses


Notes Payable


Total Current Liabilities


Long Term Debt


Total Liabilities


Net assets-unrestricted equity


Total Liabilities & Net Assets


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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