Question
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
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 |
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