Question
Bestcare HMO Balance sheet June 30,2011 (in Thousands) Assets: Cash $2,737 Net premiums recievable 821 Supplies 387 Total current assets $3,945 Net Property and equipment
Bestcare HMO
Balance sheet
June 30,2011
(in Thousands)
Assets:
Cash $2,737
Net premiums recievable 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
Accured 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 the one presented in exibit a.1 for Sunnyvale?
b. what is Bestcare's net working capital for 2011?
c. what is bestcare's debt ratio? How does it compare to Sunnyvale's debt ratio?
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Trade Union Finance
Authors: Marick F. Masters, Raymond Gibney
1st Edition
1032371382, 978-1032371382
