Assignment for Chapter 11: Components of Balance Sheet and Statement of Net Income

Refer to the Metropolis Health System (MHS) financial statements contained in Appendix 33-A. Use the MHS comparative Balance Sheet, Statement of Revenue and Expenses, and Statement of Fund Balance for this assignment. Create a table with the following MHS Balance Sheet components. List the name of each component and its amount(s) and list appropriate MHS financial statement of where you found it.

Current Liabilities

Total Assets

Income from Operations

Total Operating Revenue

Current Portion of Long-Term Debt

Interest Income

Inventories