Homework Answers
| a. | |||||||
| Ans. | Exhibit 4.5 prepared only for the current year | ||||||
| Last year comparison balance sheet is not there as shown in exhibit 4.1 for sunnyvale | |||||||
| It si not possible to measure ratios | |||||||
| b. | |||||||
| Ans. | Net working capital of Bestcare's for 2015 as follows: | ||||||
| Net working capital = Current assets - Current Liabilities | |||||||
| = | $3945 | - | $3456 | ||||
| = | $489 | ||||||
| c. | |||||||
| Ans. | Bestcare's debt ratio as follows: | ||||||
| Debt ratio =Total Assets/ Total Liabilities | |||||||
| Total assets | $9869 | ||||||
| Total Liabilities | $7751 | ||||||
| Debt ratio = | $9869/$7751 | ||||||
| = | $1.273255 | ||||||
| Sunnyvale debt ratio as follows: | |||||||
| Debt ratio =Total Assets/ Total Liabilities | |||||||
| Total assets | $154815 | ||||||
| Total Liabilities | $100747 | ||||||
| Debt ratio = | $154815/$100747 | ||||||
| = | $1.536671 | ||||||
| Based on above calculations, sunnyvale debt ratio is higher than bestcare's debt ratio | |||||||
Add Answer to:
Cash Equity Long-term debr Long-term investments Ner property and equipment Other assets Other long-term liabilities 1J0,000...
Florida Hospital Apopka, a not-for profit organization, began 2018 with the following account balances on January...
Florida Hospital Apopka, a not-for profit organization, began
2018 with the following account balances on January 1:
Cash
$70,000
Accounts receivable
245,000
Allowance for doubtful accounts
18,000
Supplies inventory
24,000
Property and Equipment
1,500,000
Accumulated depreciation
300,000
Accounts payable
21,000
Notes payable (short-term bank loans)
500,000
Net assets
1,000,000
During 2018, the accounting clerk recorded the following
transactions (Florida Hospital Apopka’s year end is December
31):
Transaction Number
Event
Amount
1.
Billed patients for services rendered
$1,700,000
2.
Purchased medical...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Stockholders' Equity Total Additional Paid-in Capital Total Paid-in Capital and Retained Earnings Ayayai Corp. has issued 90,000 shares of $4 par...
2015 2014 Operating Revenues: Patient service revenue $ 150,118 2,000 $ 148,118 18,782 3,079 $ 169,979...
2015 2014 Operating Revenues: Patient service revenue $ 150,118 2,000 $ 148,118 18,782 3,079 $ 169,979 s: Provision for bad debts Net patient service revenue EXHIBIT 3.1 Sunnyvale Clinic: Statements of Operations, Years Ended December 31, 2015 and 2014 (in thousands) $123,565 1,800 $ 121,765 16,455 2,704 $140,924 Premium revenue Other revenue Net operating revenues Expenses: $ 126,223 20,568 Salaries and benefits Supplies Insurance 4,518 3,189 6,405 5,329 $ 166,232 $ 3,747 $102,334 18,673 3,710 2,603 5,798 3,476 $ 136,594...
Review the income statement which is Exhibit 11.2 on page 327 of our text and the...
Review the income statement which is Exhibit 11.2 on page 327
of our text and the balance sheet which is Exhibit 12.2 on page
356.
Describe the differences or changes from 2015 to 2016 relating
to the income and expenses of the firm.
EXHIBIT 11.2 Good Samaritan Medical Center: 2016 2015 Operating revenues Statements of Patient service revenue $150,118 $123,565 Operations for Years Ended Less: Provision for bad debts 1,800 2,000 December 31 Net patient service revenue $148,118 $121,765 2016...
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . . ....
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Accounts payable . . . . . . . . . . . . . . . . . . . . . 36 Accounts receivable . . . . . . . . . . . . . . ....
Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term...
Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term debt Total current liabilities ====== Cash Accounts receivable Inventories Total current assets 5 15 41 84 Long-Term Assets Long-Term Liabilities O A. - $1 million OB. $6 million OC. $43 million OD. - $6 million Long-Term Assets Long-Term Liabilities Net property, plant, and equipment Total long-term assets 126 126 Long-term debt Total long term abilities 135 135 Total liabilities Stockholders' Equity Total liabilities and...
Gapenski’s Fundamentals of Healthcare Third Edition. Income statement which is Exhibit 11.2 on page 327 and...
Gapenski’s Fundamentals of Healthcare Third Edition. Income
statement which is Exhibit 11.2 on page 327 and balance sheet which
is Exhibit 12.2 on page 356.
List the changes from 2015 to 2016 relating to income and
expenses, balance sheet cash flow statement and hypothetical
situations of why changes occurred between 2015 and 2016. Make
recommendations of future financial sustainability based on these
documents.
Gapenski's Fundamentals of Healthcare Finance 356 EXHIBIT 12.2 2016 2015 Good Samaritan Medical Center ASSETS Balance Sheets...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable Current Liabilities Income taxes payable Current Liabilities Retained earnings Stockholders' Equity Current Assets Accounts receivable Property, Plant, and Equipment ÷ Land (held for future use) Patents Intangible Assets Bonds payable Current Liabilities Stockholders' Equity Common stock Accumulated depreciation-equipment Property, Plant, and Equipment Unearned sales revenue Long-term Investments Property, Plant, and Equipment Inventory
At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment...
At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity $ 220 550 650 800 1,150 $ 3,370 $ 800 950 500 1,120 $ 3,370 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $ 8,400 7,350 1,050...
Florida Hospital Apopka, a not-for profit organization, began
2018 with the following account balances on January 1:
Cash
$70,000
Accounts receivable
245,000
Allowance for doubtful accounts
18,000
Supplies inventory
24,000
Property and Equipment
1,500,000
Accumulated depreciation
300,000
Accounts payable
21,000
Notes payable (short-term bank loans)
500,000
Net assets
1,000,000
During 2018, the accounting clerk recorded the following
transactions (Florida Hospital Apopka’s year end is December
31):
Transaction Number
Event
Amount
1.
Billed patients for services rendered
$1,700,000
2.
Purchased medical...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Stockholders' Equity Total Additional Paid-in Capital Total Paid-in Capital and Retained Earnings Ayayai Corp. has issued 90,000 shares of $4 par...
2015 2014 Operating Revenues: Patient service revenue $ 150,118 2,000 $ 148,118 18,782 3,079 $ 169,979 s: Provision for bad debts Net patient service revenue EXHIBIT 3.1 Sunnyvale Clinic: Statements of Operations, Years Ended December 31, 2015 and 2014 (in thousands) $123,565 1,800 $ 121,765 16,455 2,704 $140,924 Premium revenue Other revenue Net operating revenues Expenses: $ 126,223 20,568 Salaries and benefits Supplies Insurance 4,518 3,189 6,405 5,329 $ 166,232 $ 3,747 $102,334 18,673 3,710 2,603 5,798 3,476 $ 136,594...
Review the income statement which is Exhibit 11.2 on page 327
of our text and the balance sheet which is Exhibit 12.2 on page
356.
Describe the differences or changes from 2015 to 2016 relating
to the income and expenses of the firm.
EXHIBIT 11.2 Good Samaritan Medical Center: 2016 2015 Operating revenues Statements of Patient service revenue $150,118 $123,565 Operations for Years Ended Less: Provision for bad debts 1,800 2,000 December 31 Net patient service revenue $148,118 $121,765 2016...
Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term debt Total current liabilities ====== Cash Accounts receivable Inventories Total current assets 5 15 41 84 Long-Term Assets Long-Term Liabilities O A. - $1 million OB. $6 million OC. $43 million OD. - $6 million Long-Term Assets Long-Term Liabilities Net property, plant, and equipment Total long-term assets 126 126 Long-term debt Total long term abilities 135 135 Total liabilities Stockholders' Equity Total liabilities and...
Gapenski’s Fundamentals of Healthcare Third Edition. Income
statement which is Exhibit 11.2 on page 327 and balance sheet which
is Exhibit 12.2 on page 356.
List the changes from 2015 to 2016 relating to income and
expenses, balance sheet cash flow statement and hypothetical
situations of why changes occurred between 2015 and 2016. Make
recommendations of future financial sustainability based on these
documents.
Gapenski's Fundamentals of Healthcare Finance 356 EXHIBIT 12.2 2016 2015 Good Samaritan Medical Center ASSETS Balance Sheets...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable Current Liabilities Income taxes payable Current Liabilities Retained earnings Stockholders' Equity Current Assets Accounts receivable Property, Plant, and Equipment ÷ Land (held for future use) Patents Intangible Assets Bonds payable Current Liabilities Stockholders' Equity Common stock Accumulated depreciation-equipment Property, Plant, and Equipment Unearned sales revenue Long-term Investments Property, Plant, and Equipment Inventory
At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity $ 220 550 650 800 1,150 $ 3,370 $ 800 950 500 1,120 $ 3,370 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $ 8,400 7,350 1,050...
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