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    Balance Sheet for Current Assets

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    BestCare HMO
    Balance Sheet
    June 30, 2007
    (in thousands)

    Assets
    Current Assets
    Cash $2,737
    Net premiums receivable 821
    Supplies 387
    Total current assets $3,945
    Net property and equipment $5,924
    Total assets $9,869

    Liabilities and Net Assets
    Accounts payable-medical services $2,145
    Accrued expenses 929
    Notes payable 382

    Total current liabilities $3,456

    Long-term debt $4,295

    Total liabilities $7,751

    Net assets-unrestricted (equity) $2,118

    Total liabilities and net assets $9,869

    a. How does this balance sheet differ from Sunnyvale?

    Sunnyvale Clinic
    Balance Sheet
    December 31,2007 and 2006
    (in thousands)
    ______________________________________________________________.
    ASSETS 2007 2006
    Current Assets:
    Cash $ 12,102 $ 6,486
    Short-term investments $ 10,000 5,000
    Net patient accounts receivable $ 28,509 25,927
    Inventories 3,695 2,302
    $ 54,306 $ 39,715
    Long-Term investments $ 48,059 $ 25,837

    Property and Equipment (Fixed Assets:
    Land $ 2,954 $ 2,035
    Building and equipment 85,595 $ 77,208
    Gross fixed assets 88,549 $ 79,243
    Less: Accumulated depreciation 36,099 $ 29,694
    Net fixed assets $ 52,450 $ 49,549
    Total assets $154,815 $115,101

    LIABILITIES AND EQUITY 2007 2006
    Current Liabilities
    Notes payable 4,334 3,345
    Accounts payable 5,022 6,933
    Accrued expenses: 6,069 5,037
    Total current liabilities $ 15,425 $ 15,315
    Long-term debt $ 85,322 $ 53,578
    Total liabilities $100,747 $ 68,893
    Net assets (Equity) 54,068 $ 46,208
    Total liabilities and equity $ 154,815 $,115,101

    b. What is BestCare's net working capital for 2007?
    c. What is BestCare's debt ratio? How does it compare with Sunnyvale's debt ratio?

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    Solution Summary

    Balance sheets for current assets are examined.

    $2.19

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