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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
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?
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