Financial Statement Analysis 0522
shaon.3| BestCare Health Maintenance Organization (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 | $3,945 | |
| Net property and equipment | $5,924 | ||
| Total assets | $9,869 | ||
| Liabilities and Net Assets | |||
| Accounts payable—medical | $2,145 | ||
| services | |||
| Accrued expenses | $929 | ||
| Notes payable | $382 | ||
| Total current liabilities | $3,456 | $3,456 | |
| Long-term debt | $4,295 | ||
| Total liabilities | $7,751 | $7,751 | |
| Total assets | $9,869 | ||
| Net assets-unrestricted (equity) | $2,118 | ||
| Total liabilities and net assets | $9,869 | ||
Answer the following questions after your analysis:
- What is BestCare's net working capital for 2011?
- What is BestCare's debt ratio? How does this ratio compare with Sunnyvale's debt ratio as shown in Exhibit 4.1 (Chapter 4) in your textbook?
Submission Details:
- Present your analysis as a 2-page report in a Microsoft Word document formatted in APA style.
- On a separate page, cite all sources using APA format.
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