1. Consider the following balance sheet:
|
Best Care HMO Balance Sheet June 30, 2007
|
|
Assets / Current Assets*
|
|
Cash
|
$2737
|
|
Net Premiums receivables
|
$821
|
|
Supplies
|
$387
|
|
Total Current Assets
|
$3945
|
|
Net Property & Equipment
|
$5924
|
|
Total Assets
|
$9869
|
|
Liabilities & 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 & Net Assets
|
$9869
|
|
|
|
a. How does this balance sheet differ from the one presented in your textbook Table for Sunnyvale?
b. What is Best Care's net working capital for 2007?
c. What is Best Care's debt ratio? How does it compare with Sunnyvale's debt ratio?