Balance Sheet (in '000s) For the Year Ended September 30, 2016 9/30/2016 Current assets Cash and cash equivalents Net accounts receivable Inventory Total current assets Gross plant, property, and equipment (less accumulated depreciation) Net plant, property & equipment Long-term investments Total assets $0 Current liabilities Accounts payable Wages payable Total current liabilities Long-term debt Total liabilities Net assets Ending balance, unrestricted net assets Ending balance, temporarily restricted net assets Total net assets Total liabilities and net assets $0 Profit and Loss Statement Statement of Operations (in '000s) For the Year Ended September 30, 2016 9/30/2016 Unrestricted revenues Patient revenues (net of contractuals) Provision for bad debt expense Net patient revenues Net assets released from temporary restriction Total revenues Operating expenses: Labor expense General expense Supply expense Depreciation expense Interest expense Total operating expenses Excess of revenues over expenses Transfer to parent corporation Increase in unrestricted net assets $0 Cash Flow Statement Statement of Changes in Net Assets (in '000s) For the Year Ended September 30, 2016 9/30/2016 Unrestricted net assets Excess of revenues over expenses Unrestricted contributions Transfer to parent corporation Change in unrestricted net assets Temporarily restricted net assets Net assets released from temporary restriction Change in temporarily restricted net assets 0 0 0 Permanently restricted net assets Change in permanently restricted net assets Increase in net assets Beginning balance, net assets Ending balance, total net assets 0 0 0 $0 Healthcare Financial Management and Economics Week 7 Assignment Sharpe Medical Center Developing Financial Statements All organizations, including those in the healthcare industry, need to make money to be profitable and survive. Financial statements, such as balance sheets, profit and loss statements, and cash flow statements, summarize an organization's profitability and overall financial status. For this Assignment, you practice developing three key financial statements using data from the Sharpe Medical Center. Sharpe Medical Center Sharpe Medical Center is a large Midwestern acute care and ambulatory facility serving an urban city population. Givens (in '000s): Inventory Patient revenues (net of contractual allowance) Gross plant, property, and equipment Net accounts receivable Ending balance, temporarily restricted net assets Wages payable Long-term debt Supply expense Net assets released from temporary restriction Depreciation expense General expense Provision for bad debt expense Cash and cash equivalents Transfer to parent corporation Beginning balance, unrestricted net assets Accounts payable Beginning balance, temporarily restricted net assets Interest expense Labor expense Accumulated depreciation Long-term investments Ending balance, unrestricted net assets $4,000 $302,000 $375,000 $85,000 $6,000 $6,600 $218,400 $34,000 $7,000 $44,000 $95,000 $4,500 $18,000 ($3,900) $239,400 $11,000 $13,000 $6,000 $123,000 $22,000 $20,000 $238,000 To prepare for this Assignment: Examine the data from Sharpe Medical Center. Reflect on how you will use this data to develop a Balance Sheet, Profit and Loss Statement, and Cash Flow Statement. Refer to the course text for additional guidance. 2015 Laureate Education, Inc. Page 1 of 2 The Assignment: Complete a Balance Sheet, Profit and Loss Statement (Statement of Operations), and Cash Flow Statement (Statement of Changes in Net Assets) using the \"Week 7 Financial Statement Excel Template\". . Your Assignment is due by Day 7 of Week 7. 2015 Laureate Education, Inc. Page 2 of 2 Healthcare Financial Management and Economics Week 7 Assignment Sharpe Medical Center Developing Financial Statements All organizations, including those in the healthcare industry, need to make money to be profitable and survive. Financial statements, such as balance sheets, profit and loss statements, and cash flow statements, summarize an organization's profitability and overall financial status. For this Assignment, you practice developing three key financial statements using data from the Sharpe Medical Center. Sharpe Medical Center Sharpe Medical Center is a large Midwestern acute care and ambulatory facility serving an urban city population. Givens (in '000s): Inventory Patient revenues (net of contractual allowance) Gross plant, property, and equipment Net accounts receivable Ending balance, temporarily restricted net assets Wages payable Long-term debt Supply expense Net assets released from temporary restriction Depreciation expense General expense Provision for bad debt expense Cash and cash equivalents Transfer to parent corporation Beginning balance, unrestricted net assets Accounts payable Beginning balance, temporarily restricted net assets Interest expense Labor expense Accumulated depreciation Long-term investments Ending balance, unrestricted net assets $4,000 $302,000 $375,000 $85,000 $6,000 $6,600 $218,400 $34,000 $7,000 $44,000 $95,000 $4,500 $18,000 ($3,900) $239,400 $11,000 $13,000 $6,000 $123,000 $22,000 $20,000 $238,000 To prepare for this Assignment: Examine the data from Sharpe Medical Center. Reflect on how you will use this data to develop a Balance Sheet, Profit and Loss Statement, and Cash Flow Statement. Refer to the course text for additional guidance. 2015 Laureate Education, Inc. Page 1 of 2 The Assignment: Complete a Balance Sheet, Profit and Loss Statement (Statement of Operations), and Cash Flow Statement (Statement of Changes in Net Assets) using the \"Week 7 Financial Statement Excel Template\". . Your Assignment is due by Day 7 of Week 7. 2015 Laureate Education, Inc. Page 2 of 2 Healthcare Financial Management and Economics Week 7 Assignment Sharpe Medical Center Developing Financial Statements All organizations, including those in the healthcare industry, need to make money to be profitable and survive. Financial statements, such as balance sheets, profit and loss statements, and cash flow statements, summarize an organization's profitability and overall financial status. For this Assignment, you practice developing three key financial statements using data from the Sharpe Medical Center. Sharpe Medical Center Sharpe Medical Center is a large Midwestern acute care and ambulatory facility serving an urban city population. Givens (in '000s): Inventory Patient revenues (net of contractual allowance) Gross plant, property, and equipment Net accounts receivable Ending balance, temporarily restricted net assets Wages payable Long-term debt Supply expense Net assets released from temporary restriction Depreciation expense General expense Provision for bad debt expense Cash and cash equivalents Transfer to parent corporation Beginning balance, unrestricted net assets Accounts payable Beginning balance, temporarily restricted net assets Interest expense Labor expense Accumulated depreciation Long-term investments Ending balance, unrestricted net assets $4,000 $302,000 $375,000 $85,000 $6,000 $6,600 $218,400 $34,000 $7,000 $44,000 $95,000 $4,500 $18,000 ($3,900) $239,400 $11,000 $13,000 $6,000 $123,000 $22,000 $20,000 $238,000 To prepare for this Assignment: Examine the data from Sharpe Medical Center. Reflect on how you will use this data to develop a Balance Sheet, Profit and Loss Statement, and Cash Flow Statement. Refer to the course text for additional guidance. 2015 Laureate Education, Inc. Page 1 of 2 The Assignment: Complete a Balance Sheet, Profit and Loss Statement (Statement of Operations), and Cash Flow Statement (Statement of Changes in Net Assets) using the \"Week 7 Financial Statement Excel Template\". . Your Assignment is due by Day 7 of Week 7. 2015 Laureate Education, Inc. Page 2 of 2 Healthcare Financial Management and Economics Week 7 Assignment Sharpe Medical Center Developing Financial Statements All organizations, including those in the healthcare industry, need to make money to be profitable and survive. Financial statements, such as balance sheets, profit and loss statements, and cash flow statements, summarize an organization's profitability and overall financial status. For this Assignment, you practice developing three key financial statements using data from the Sharpe Medical Center. Sharpe Medical Center Sharpe Medical Center is a large Midwestern acute care and ambulatory facility serving an urban city population. Givens (in '000s): Inventory Patient revenues (net of contractual allowance) Gross plant, property, and equipment Net accounts receivable Ending balance, temporarily restricted net assets Wages payable Long-term debt Supply expense Net assets released from temporary restriction Depreciation expense General expense Provision for bad debt expense Cash and cash equivalents Transfer to parent corporation Beginning balance, unrestricted net assets Accounts payable Beginning balance, temporarily restricted net assets Interest expense Labor expense Accumulated depreciation Long-term investments Ending balance, unrestricted net assets $4,000 $302,000 $375,000 $85,000 $6,000 $6,600 $218,400 $34,000 $7,000 $44,000 $95,000 $4,500 $18,000 ($3,900) $239,400 $11,000 $13,000 $6,000 $123,000 $22,000 $20,000 $238,000 To prepare for this Assignment: Examine the data from Sharpe Medical Center. Reflect on how you will use this data to develop a Balance Sheet, Profit and Loss Statement, and Cash Flow Statement. Refer to the course text for additional guidance. 2015 Laureate Education, Inc. Page 1 of 2 The Assignment: Complete a Balance Sheet, Profit and Loss Statement (Statement of Operations), and Cash Flow Statement (Statement of Changes in Net Assets) using the \"Week 7 Financial Statement Excel Template\". . Your Assignment is due by Day 7 of Week 7. 2015 Laureate Education, Inc. Page 2 of 2 Healthcare Financial Management and Economics Week 7 Assignment Sharpe Medical Center Developing Financial Statements All organizations, including those in the healthcare industry, need to make money to be profitable and survive. Financial statements, such as balance sheets, profit and loss statements, and cash flow statements, summarize an organization's profitability and overall financial status. For this Assignment, you practice developing three key financial statements using data from the Sharpe Medical Center. Sharpe Medical Center Sharpe Medical Center is a large Midwestern acute care and ambulatory facility serving an urban city population. Givens (in '000s): Inventory Patient revenues (net of contractual allowance) Gross plant, property, and equipment Net accounts receivable Ending balance, temporarily restricted net assets Wages payable Long-term debt Supply expense Net assets released from temporary restriction Depreciation expense General expense Provision for bad debt expense Cash and cash equivalents Transfer to parent corporation Beginning balance, unrestricted net assets Accounts payable Beginning balance, temporarily restricted net assets Interest expense Labor expense Accumulated depreciation Long-term investments Ending balance, unrestricted net assets $4,000 $302,000 $375,000 $85,000 $6,000 $6,600 $218,400 $34,000 $7,000 $44,000 $95,000 $4,500 $18,000 ($3,900) $239,400 $11,000 $13,000 $6,000 $123,000 $22,000 $20,000 $238,000 To prepare for this Assignment: Examine the data from Sharpe Medical Center. Reflect on how you will use this data to develop a Balance Sheet, Profit and Loss Statement, and Cash Flow Statement. Refer to the course text for additional guidance. 2015 Laureate Education, Inc. Page 1 of 2 The Assignment: Complete a Balance Sheet, Profit and Loss Statement (Statement of Operations), and Cash Flow Statement (Statement of Changes in Net Assets) using the \"Week 7 Financial Statement Excel Template\". . Your Assignment is due by Day 7 of Week 7. 2015 Laureate Education, Inc. Page 2 of 2