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Hello, Can you help please? So, I work on my big paper. In a nutshell I open the nonprofit primary care clinic serving unprivileged who
Hello,
Can you help please? So, I work on my big paper. In a nutshell I open the nonprofit primary care clinic serving unprivileged who cannot pay for doctor's visits or prescriptions. I already made the Statement of Financial Position (Balance Sheet for 2 years). Now I need to make the Statement of Operations (Income Statement) also for 2 years. Can you please give me a hand and help me out? I'm stacked. They also want me to count operating margin...
I include the Balance Sheet for my imaginary clinic.
Thank you.
Openings Primary Care Clinic Balance Sheet As of December 31, 2021 and 2022 2021 2022 ASSETS Current Assets Cash and cash equivalent 100,000 120,000 Account Receivable 50,000 60,000 Prepaid Expenses 10,000 10,000 Total Current Assets 160.000 190.000 Noncurrent Assets Equipment 50,000 50,000 Acumulated depreciation -3,000 -2,750 Total Noncurrent Assets 47,000 47,250 Total Assets 207,000 237 250 LIABILITIES AND NET ASSESTS Current Liabilities Account Payable 30,000 35,000 Accrued Expenses payable 20,000 25,000 Total Current Liabilities 50.000 60.000 Total Liabilities 50.000 60.000 NET ASSETS Total Net Assests 157,000 177,250Step by Step Solution
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