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I need help answering C. thanks:) wie met Problem2 The following are selected entries for Boston Clinic for December 2018. Create Boston Clinic's balance sheet.
I need help answering C.
thanks:)
wie met Problem2 The following are selected entries for Boston Clinic for December 2018. Create Boston Clinic's balance sheet. Park Ridge Balance Sheet Accounts payable Accounts receivable, net 1 2012 2011 111 TH Betalase 39 Cash Equity Long term debt Long term investments Net property and equipment Other assets Other long term bliss $70,000 50,000 30,000 230,000 120,000 100,000 150,000 40,000 10,000 papely and Equipment: Medical and elfice equipment S16 stal Is Arumulated depreciation wamperty and equipment 5 6 49 a. Create Boston Clinie's balance sheet . 57 583 HEILITIES AND EQUITY Liabilities Equity Long-term debt Accounts Payable Other long-term Liabilities Boston Clinic's Balance Sheet Amount Assets $230,000 Net Property and Equipment $120,000 Long term investment $20.000 Cash $10,000 Accounts Receivable Other Assets $380,000 Total Assets Amount $150,000 $100,000 $30,000 $60,000 $40,000 $380,000 Gume Labities Moins payable ents payable Aired expenses Stal current liabities $ 40 104 11 13 ST Total Liabilities lapteme debt 154 167 54 b. What is Boston Clinic's debt ratio? Debt Ratio - Total Debt/Tatal Assets Debt Ratio - 120,000/380,000 Debt Ratio 0.316 Ses and equity Susi 5853 How does Boston Clinic's detit ratio compare with Park Ridge Home-care's debt ranto? See ohibit 12.1 wordt Englih unted statu
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