Need balance sheet. Not all givens to be used. TAKE HOME PROBLEM Media He Income

Question

Need balance sheet. Not all givens to be used.

TAKE HOME PROBLEM Media He Income State For the Year Er Givens (in '000s) Income tax expense Prepaid expense Physician services expense Premium revenues Cash & cash equivalents Marketing expense Compensation expense Other non-current assets Interest Income and other revenue Accrued expense Outside referral expense Claims payable - medical Medicare revenues Occupancy and depreciation expense Owners' equity Emergency room expense Net property and equipment Premium receivables Inpatient service expense Notes payable Interest expense Unearned premium revenues Medicaid revenues Long-term debt Other administrative expense $2,500 34,500 $17,000 345,000 $35,000 $1,250 $2,500 $4,500 $5,500 38,000 $12,000 $19,000 $90,000 34,500 ($19,000) $5,500 $12,500 $8,200 $4,500 $9,500 $1,200 $25,000 $1,500 $22,200 $1.500

Explanation / Answer

Balance Sheet as at 12/31/2017 (Amount in '000s)

ASSETS AMOUNT LIABILITIES AMOUNT Prepaid Expense 4500 Accrued Expense 8000 Cash & Cash Equivalent 35000 Claims Payable - Medical 19000 Other non-current Assets 4500 Unearned Premium Revenue 25000 Net property and Equipment 12500 Notes Payable 9500 Premium Receivables 8200 Long term debt 22200 Owner's Equity (19000) Total 64,700 Total 64,700

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