Review the balance sheet and calculate the trend (% of change) for each line item and fill in the correct numbers in the highlighted yellow areas of the table. (5 pts)
Remember to calculate the percentage change from year to year; you will utilize the following formula on page 55 of your finance text:
Percentage change 2013 to 2014 = (2014 value – 2013 value)
2013 value x 100 to get a percentage value
Hospital XYZ Balance Sheet
|
|
Reported Values ($) 2014 |
Reported Values ($) 2013 |
Trend (% Change) |
|
Assets |
|
|
|
|
Current Assets |
|
|
|
|
Cash |
4, 100,500 |
3,005,250 |
Fill in |
|
Patient Accounts Receivable |
5, 500,000 |
3, 575,000 |
Fill in |
|
Total Current Assets |
9,600,500 |
6,580,250 |
Fill in |
|
Capital Assets |
|
|
|
|
Land & Construction in Progress |
350,000 |
200,000 |
Fill in |
|
Total Capital Assets |
350,000 |
200,000 |
Fill in |
|
Total Assets |
9,950,500 |
6,780,250 |
Fill in |
|
Liabilities |
|
|
|
|
Current Liabilities |
|
|
|
|
Accounts Payable and Accrued Expenses |
568,000 |
397,000 |
Fill in |
|
Accrued Salaries |
875,000 |
975,000 |
Fill in |
|
Total Liabilities |
1,443,000 |
1,372,000 |
Fill in |
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