Health Care Finance: Basic Tools For Nonfinancial Managers, Fifth Edition Judith J. Baker, R. W. Baker, and Neil R. Dworkin Assignment Exercise 11-2 Assignment Exercise 11-2: Components of Balance Sheet and Income Statement Refer to the Metropolis Health System (MHS) balance sheet and statement of revenue and expense in the MHS Case Study appearing in Chapter 33. Patient accounts receivable of $7,400,000 is shown as net of $1,300,000 allowance for bad debts (8,700,000 - 1,300,000 = 7,400,000). (1) What percentage of gross accounts receivable is the allowance for bad debts? (2) If the allow- ance for bad debts is raised to $1,500,000, where does the extra $200,000 go? Health Care Finance: Basic Tools For Nonfinancial Managers, Fifth Edition Judith J. Baker, R. W. Baker, and Neil R. Dworkin Assignment Exercise 11-2 Assignment Exercise 11-2: Components of Balance Sheet and Income Statement Refer to the Metropolis Health System (MHS) balance sheet and statement of revenue and expense in the MHS Case Study appearing in Chapter 33. Patient accounts receivable of $7,400,000 is shown as net of $1,300,000 allowance for bad debts (8,700,000 - 1,300,000 = 7,400,000). (1) What percentage of gross accounts receivable is the allowance for bad debts? (2) If the allow- ance for bad debts is raised to $1,500,000, where does the extra $200,000 go