Week 2 Project
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Review the following information on balance sheet analysis and business calculations:
Calculating Debt Ratio in Excel
Review the following balance sheet:
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Best Care Health Maintenance Organization (HMO) |
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Balance Sheet |
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June 30, 2011 (in thousands) |
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Assets |
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Current assets: Cash |
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$2,737 |
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$821 |
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$387 |
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Total current assets |
$3,945 |
$3,945 |
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Net property and equipment |
$5,924 |
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Total assets |
$9,869 |
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Liabilities and Net Assets |
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Accounts payable—medical services |
$2,145 |
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Accrued expenses |
$929 |
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Notes payable |
$382 |
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Total current liabilities |
$3,456 |
$3,456 |
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Long-term debt |
$4,295 |
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Total liabilities |
$7,751 |
$7,751 |
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Total assets |
$9,869 |
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Net assets-unrestricted (equity) |
$2,118 |
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Total liabilities and net assets |
$9,869 |
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Answer the following questions after your analysis:
- What is Best Care’s net working capital for 2011? Show your work.
- What is Best Care’s debt ratio? Show your work.
To support your work, use your course and textbook readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.
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