CHAPTER $4$: BALANCE SHEET and STATEMENT OF CASH FLOWS

Homework Problem $1\mathrm{.}3$

Using the data below, create a Balance Sheet for High Plains Medical Center for the

fiscal year. Use Exhibit $4\mathrm{.}1$ as a guide, but, note that the categories may vary

somewhat from this example.

a$.$ BALANCE SHEET $($in thousands$)$:

Based upon your Balance Sheet, answer the following questions:

b$.$ How much does the hospital own?

c$.$ What $\%$ of the hospital's assets are current?

d$.$ How much does the hospital owe to debtors?

e$.$ What are current assets minus current liabilities?