Best Care HMO

Balance Sheet

June 30, 2012

in thousandths

Assets

Current Assets:

Cash and equivalents	$2,737
Net Premium receivable	821
Supplies	387
Total current assets	$9869
Net property and equipment	$5924
Total assets	$9869

Liabilities and net assets

Accounts payable-medical services	$2145
Accrued expenses	929
Notes payable	382
Total current liabilities	$3456
Long-term debt	$4295
Total liabilities	$7751
Net assets-unrestricted equity	$2118
Total liabilities and net assets	$9869

a. How does this balance sheet differ from the one presented in Exhibit 12.1 for

Park Ridge Homecare?

this is exhibit 12.1 for reference to answer this question

ASSETS	2012	2011
Currents Assets:	$74	$41
Cash and cash equivalents	147	137
Short term investments	727	476
Accounts receivable, net	27	22
Inventories	$975	$676
Property and equipment :	$125	$100
Medical and office equipment	$56	$54
Vehicles	70	47
Total	$126	101
Less accumulated depreciation	(45)	(24)
Net property and equipment	$81	$77
Total assets	$1181	$853

LIABILITIES AND EQUITIES

Current liabilities	$13	$13
Notes payable	40	21
Accounts payable	496	337
Accrued expenses	$549	$371
Total current liabilities	154	167
Long term debt	$703	$538
Total liabilities	$478	$315
Equity ( net assets)	$1181	$853
Total liabilities and equity