COURSE DESCRIPTION

1. Create the 2008 and 2009 common sizebalance sheet statements for Advanced Healthcare and describe why they are useful. Note that you will have to calculate Total Equity by using the formula A = L + E or A-L = E.

Balance Sheets: (Millions of Dollars) ASSETS 2008 Cash and investments 2009 $ 5069 2795 Accounts receivable (net) Inventories Other current assets 5674 7413 0.523 0.703 0.601 0.923 Total current assets $ 11969 11732 Gross plant and equipment $ 55333 59552 Accumulated depreciation 14338 17009 Net plant and equipment $ 40995 42543 Total assets $ 52964 5427 LIABILITIES AND NET ASSETS Accounts payable $ 1253 1760 Accruals Current portion of LT debt 1503 1341 1176 1465 Total current liabilities $ 4097 4401 Long-term debt $ 19222 17795 Total liabilities $ 23319 22196