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Category > Accounting Posted 11 May 2017 My Price 10.00

Liabilities and Net Assets

 

Consider the following balance sheet:

BestCare HMO

Balance Sheet

June 30, 2011

(in thousands)

Assets

Current Assets:

Cash                                        $2,737

Net premiums receivable        821

Supplies                                  387

Total current assets    $3,945

Net property and equipment             $5,924

Total assets                                         $9,869

Liabilities and Net Assets

Accounts payableAc€??medical

Services                                   $2,145

Accrued expenses                               929

Notes payable                                     382

            Total current liabilities            $3,456

Long-term debt                                   $4,295

Total liabilities                        $7,751

Net assetsAc€??unrestricted

(equity)                                   $2,118

Total liabilities and net

Assets                                     $9,869

a.         How does this balance sheet differ from the one presented in Exhibit 4.1 for Sunnyvale?

b.         What is BestCareAc€?cs net working capital for 2011?

c.         What is BestCareAc€?cs debt ratio? How does it compare with SunnyvaleAc€?cs debt ratio?

Exhibit 4.1

Assets     2011 2010
Current Assets        
  Cash and cash equivalents   $12,102.00 $6,486.00
  Short term investments   $10,000.00 $5,000.00
  net patient accounts receivable   $28,509.00 $25,927.00
  investories   $3,695.00 $2,302.00
    total current assets $54,306.00 $39,715.00
long term investments     $48,059.00 $25,837.00
net property and equipment     $52,450.00 $49,549.00
total assets     $154,815.00 $115,101.00
         
Liabilities and equity        
         
current liabilities        
  notes payable   $4,334.00 $3,345.00
  account payable   $5,022.00 $6,933.00
  accrued expenses   $6,069.00 $5,037.00
    total current liabilitiees $15,425.00 $15,315.00
long term debt     $85,322.00 $53,578.00
    total liabilities $100,747.00 $68,893.00
Net assets (equity)     $54,068.00 $46,208.00
total liabilities and equity     $154,815.00 $115,101.00
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 11 May 2017 10:05 AM My Price 10.00

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Attachments

file 1494500714-Answer.docx preview (267 words )
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