Question
Given the following information, compute the working capital(working capital=current assets - current liabilities). Givens (in '000s): Inventory $4,000 Patient revenues (net of contractuals) $302,000 Gross
Given the following information, compute the working capital(working capital=current assets - current liabilities).
Givens (in '000s):
Inventory
$4,000
Patient revenues (net of contractuals)
$302,000
Gross plant, property, and equipment
$375,000
Net accounts receivable
$85,000
Ending balance, temporarily restricted net assets
$6,000
Wages payable
$6,600
Long-term debt
$218,400
Supply expense
$34,000
Net assets released from temporary restriction
$7,000
Depreciation expense
$44,000
General expense
$95,000
Provision for bad debt expense
$4,500
Cash and cash equivalents
$18,000
Transfer to parent corporation
($3,900)
Beginning balance, unrestricted net assets
$239,400
Accounts payable
$11,000
Beginning balance, temporarily restricted net assets
$13,000
Interest expense
$6,000
Labor expense
$123,000
Accumulated depreciation
$22,000
Long-term investments
$20,000
Ending balance, unrestricted net assets
$238,000
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