C G M N BALANCE SHEET FOR THE YEAR ENDED DECEMBER 31, 2018 ASSETS LIABILITIES and FUND BALANCE CURRENT ASSETS CURRENT LIABILITIES Cash and Cash Equivalents $ 190,000 Current Maturities of Long Term Debt 52,000 Assets Whose Use is Limited Accounts Payable & Accrued Expenses 293,000 Patients Accounts Receivable 250,000 (Net of $1,300,000 Allowance for Doubtful Accounts) Total Current Liabilities 345,000 Other Receivables Long Term Debt 252,000 Less Current Portion of Long Term Inventories 25,000 Debt (52,000) 200,000 Prepaid Insurance 5,000 Net Long Term Debt Total Current Assets 470,000 Total Liabilities 545,000 Fund Balances Unrestricted Fund Balance 418,000 Property, Plant and Equipment, Net Restricted Fund Balance 100,000 Land Buildings Equipment $ 963,000 Total Liabilities and Fund Balances 260,000 360,000 Other Assets 133,000 Investments Clipboard Font Allignment Number fHybrid Exercise- Chapter 11 A1 D G H A B C E F 1 Hybrid Exercise - Chapter 11 WESTSIDE CLINIC STATEMENT OF REVENUE AND EXPENSES S FOR THE YEAR ENDED DECEMBER 31, 2018 6 7 8 REVENUE Net Patient Service Revenue 2,000,000 Other Revenue 10 TOTAL OPERATING REVENUE $2,000,000 11 12 13 EXPENSES Medical Surgical Services Therapy Services Other Professional Services 14 600,000 15 860,000 6 80,000 Support Services General Services 7 220,000 8 65,000 Depreciation 40,000 Interest 20,000 TOTAL EXPENSES 1,885,000 INCOME FROM OPERATIONS 5,000 NON-OPERATING GAIN (LOSS) Interest Income 5,000 NONOPERATING GAINS, NET 5,000 REVENUE AND GAINS IN EXCESS OF EXPENSES AND LOSSES 120,000 INCREASE IN UMRESTRICTED FUND BALANCE 120,000 BalSheet RevExp Assignment y P WA Calibri A A Wrap Text aCopy General w Paste A E BIU Format Painter EE $ % Merge & Center Clipboard Font Alignment Number J6 f A B D C G H 1. Calculate the Current Ratio 4 5 Current Assets 6 Current Liabilities 7 8 2. Calculate the Quick Ratio. 9 10 Cash & cash Equivalents + Net Receivable 11 Current Liabilities 12 13 3. Calculate Days Cash on Hand 14 15 Unrestricted Cash & Cash Equivalents 16 Cash Operation Exp/No. of Days in Period 17 18 19 4. Calculate Days Receivable 20 Net Receivables 21 22 Net Credit Revenue/No. of Days in Period 23 5. Calculate Liabilities to Fund Balance (Debt to Net Worth) 24 25 Tatal inhilitine RevExp BalSheet Assignment Ready e P W Epic NO View Review Formulas Data Insert Page Layout Home File % Cut General Wrap Text A A 20 Calibri aCopy $ % , B A REMerge & Center BIU Paste Format Painter Number Alignment Font Clipboard J6 G F D E C A Current Liabilities 7 2. Calculate the Quick Ratio. 10 Cash & cash Equivalents + Net Receivable Current Liabilities 11 12 13 3. Calculate Days Cash on Hand 14 15 Unrestricted Cash & Cash Equivalents Cash Operation Exp/No. of Days in Period 16 17 18 4. Calculate Days Receivable 19 20 Net Receivables 21 Net Credit Revenue/No. of Days in Period 22 23 24 5. Calculate Liabilities to Fund Balance (Debt to Net Worth) Total Liabilities 26 Unrestricted Fund Balances 27 28 29. BalSheet RevExp Assignment Ready 25
