LO3,6 Report receivables and other accounts in the financial statements and evaluate liquidity S4-17 Victoria Medical Service reported the following selected items (amounts in thousands): Unearned revenues (current) Allowance for uncollectible accounts Other expenses Accounts receivable Accounts payable Service revenue Other assets Property, plant, and equipment Operating expense Cash Notes payable (long-term) $ 207 109 2,569 817 385 8,613 767 3,316 1,620 239 719 1. Classify each item as (a) income statement or balance sheet and as (b) debit balance or credit balance. 2. How much net income (or net loss) did Victoria report for the year? 3. Compute Victoria's current ratio. Round to two decimal places. Evaluate the company's liquidity position.

LO3,6 Report reccivables and other accounts in the financial statements and evaluate liquidity S4-17 Victoria Medical Service reported the following selected items (amounts in thousands): 1. Classify each item as (a) income statement or balance sheet and as (b) debit balance or credit balance. 2. How much net income (or net loss) did Victoria report for the year? 3. Compute Victoria's current ratio. Round to two decimal places. Evaluate the company's liquidity position