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Financial Statement Analysis of BestCare Health Maintenance Organization Financi
EXHIBIT 4.1 Sunnyvale Clinic Balance Sheet.docx
A balance sheet truly illustratesthe health and wellbeing of any company. Consider what you have learned thisweek and apply it to this assignment.
Tasks:
Review the following balance sheet:
BestCareHealth Maintenance Organization (HMO)
BalanceSheet
June30, 2011 (in thousands)
Assets
Current assets:
Cash
$2,737
Net premiums receivable
$821
Supplies
$387
Total current assets
$3,945
$3,945
Net property and equipment
$5,924
Total assets
$9,869
Liabilities and Net Assets
Accounts payable—medical
$2,145
services
Accrued expenses
$929
Notes payable
$382
Total current liabilities
$3,456
$3,456
Long-term debt
$4,295
Total liabilities
$7,751
$7,751
Total assets
$9,869
Net assets-unrestricted (equity)
$2,118
Total liabilities and net assets
$9,869
Answer the following questions afteryour analysis:
- What is BestCare's net working capital for 2011?
- What is BestCare's debt ratio? How does this ratiocompare with Sunnyvale's debt ratio as shown in Exhibit 4.1 (Chapter 4) inyour textbook? (See attachment)
Submission Details:
- Present your analysis as a 2-page report in a MicrosoftWord document formatted in APA style.
- On a separate page, cite all sources using APA format.
Assignment 2 Grading Criteria
MaximumPoints
Provided an accurate analysis ofBestCare’s net working capital for 2011.
16
Provided an accurate debt ratiofor BestCare.
16
Correctly analyzed the comparisonof BestCare’s debt ratio to Sunnyvale’s debt ratio.
10
Wrote in a clear, concise, andorganized manner; demonstrated ethical scholarship in accurate representationand APA style attribution of sources; displayed accurate spelling, grammar,and punctuation.
8
Total:
50
