Best Care HMO Balance Sheet June 30, 2012 in thousandths Assets Current Assets:
ID: 2379623 • Letter: B
Question
Best Care HMO
Balance Sheet
June 30, 2012
in thousandths
Assets
Current Assets:
Cash and equivalents
$2,737
Net Premium receivable
821
Supplies
387
Total current assets
$9869
Net property and equipment
$5924
Total assets
$9869
Liabilities and net assets
Accounts payable-medical services
$2145
Accrued expenses
929
Notes payable
382
Total current liabilities
$3456
Long-term debt
$4295
Total liabilities
$7751
Net assets-unrestricted equity
$2118
Total liabilities and net assets
$9869
a. How does this balance sheet differ from the one presented in Exhibit 12.1 for
Park Ridge Homecare?
this is exhibit 12.1 for reference to answer this question
ASSETS
2012
2011
Currents Assets:
$74
$41
Cash and cash equivalents
147
137
Short term investments
727
476
Accounts receivable, net
27
22
Inventories
$975
$676
Property and equipment :
$125
$100
Medical and office equipment
$56
$54
Vehicles
70
47
Total
$126
101
Less accumulated depreciation
(45)
(24)
Net property and equipment
$81
$77
Total assets
$1181
$853
LIABILITIES AND EQUITIES
Current liabilities
$13
$13
Notes payable
40
21
Accounts payable
496
337
Accrued expenses
$549
$371
Total current liabilities
154
167
Long term debt
$703
$538
Total liabilities
$478
$315
Equity ( net assets)
$1181
$853
Total liabilities and equity
Cash and equivalents
$2,737
Net Premium receivable
821
Supplies
387
Total current assets
$9869
Net property and equipment
$5924
Total assets
$9869
Explanation / Answer
Debt ratio = ( 241 + 4,295)/9869 = 0.46
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