Review the balance sheet and calculate the trend (% of change) for each line item and fill in the correct...

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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

11 years ago
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