Review the following balance sheet:
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Best Care Health Maintenance Organization (HMO) |
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Balance Sheet |
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June 30, 2011 (in thousands) |
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Assets |
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Current assets: Cash |
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$2,737 |
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$821 |
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$387 |
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Total current assets |
$3,945 |
$3,945 |
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Net property and equipment |
$5,924 |
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Total assets |
$9,869 |
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Liabilities and Net Assets |
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Accounts payable—medical services |
$2,145 |
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Accrued expenses |
$929 |
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Notes payable |
$382 |
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Total current liabilities |
$3,456 |
$3,456 |
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Long-term debt |
$4,295 |
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Total liabilities |
$7,751 |
$7,751 |
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Total assets |
$9,869 |
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Net assets-unrestricted (equity) |
$2,118 |
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Total liabilities and net assets |
$9,869 |
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Answer the following questions after your analysis:
- What is Best Care’s networking capital for 2011? Show your work.
- What is Best Care’s debt ratio? Show your work.
- The paper must also define balance sheet analysis and its contents, debt ratio and how to calculate it, and working capital and how to calculate it.
- The paper must also include a purpose statement and end with a in summary paragraph.
- The paper must be in APA 7th edition format
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