Green Valley Nursing Home, Inc Balance Sheet December 31, 2011 Assets Current AS

Question

Green Valley Nursing Home, Inc Balance Sheet December 31, 2011 Assets Current ASSETS Cash : 105,000 Investments : 200,000 Net patient accounts receivables : 215, 600 Supplies : 87,655 Total current assets : 608,992 Property and equipment: 2, 250,000 Less accumulated depreciation : 356,000 Net property and equipment : 1, 894,000 Total assets : 2, 502,992 Liabilities and Shareholders Equity Current Liabilities Account payable : 72,250 Accrued expenses : 192,900 notes payable : 180,000 total current liabilities : 445,150 Long term debt Shareholders Equity Common stock, $10 par value : 100,00 Retained earnings : 257,842 Total shareholders equity :357,842 Total liabilities and shareholders equity: 2,502,992 b) what is green valley's net working capital for 2011? c) what is green valleys debt ratio?

Explanation / Answer

b) Net working capital = total current assets - total current liabilities = $163,842

c)Debt ratio = total debt/total assets

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