Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Overview CORA Limited is a digital health platform providing health services including tracking health records, booking appointments with doctors, video consultation with specialist doctors, pathology
Overview CORA Limited is a digital health platform providing health services including tracking health records, booking appointments with doctors, video consultation with specialist doctors, pathology sample collection from doorsteps, medicine delivery etc. The company is based in Bangladesh and started its operation in 2020. The management of CORA is highly qualified and experienced in the health sector. The total number of employees in CORA is 35. At present, they are partners with more than 125 hospitals and diagnostic centers in 30 districts. There are 2,000 doctors available in the platform. Till now, they have served 60,000 customers who used the platform to get healthcare services. CORA's revenue model is currently based on subscription fees of the mentioned services. In the next 3 years, CORA wants to increase the number of their partners, doctors and customers in a large scale covering the whole country. For that, CORA wants to raise USD 250,000 to escalate the growth of the company and wants to offer 10% of their equity in exchange of the fund. The fund will be utilized for marketing/branding, customer acquisition, application development and all general working capital requirements of CORA. Financial Stataments Page 1 of 3 CORA Limited Balance Sheet June 30, 2022 \begin{tabular}{lrrr} Assets & FY 21-22 & FY 20-21 \\ Cash & & & \\ Accounts Receivable & $1,210 & $67,971 \\ Inventory & 5,904 & 5,100 \\ Property \& Equipment & 9,601 & 7,805 \\ Total Assets & 42,350 & 45,500 \\ \cline { 2 - 5 } & & 139,065 & 126,376 \\ \cline { 2 - 5 } \end{tabular} \begin{tabular}{lrrr} Liabilities & & 4,800 & 3,902 \\ Accounts Payable & 50,000 & 50,000 \\ \cline { 2 - 5 } Debt & & 54,800 & 53,902 \\ \cline { 2 - 5 } Total Liabilities & & & \\ Shareholder's Equity & 70,000 & 70,000 \\ Equity Capital & 14,265 & 2,474 \\ Retained Earnings & 84,265 & 72,474 \\ \cline { 2 - 5 } Shareholder's Equity & 139,065 & 126,376 \\ \cline { 2 - 5 } Total Liabilities \& Shareholder's Equity & & & \end{tabular} CORA Limited Cash Flow Statement for the year ended June 30, 2022 Financing Cash Flow Issuance (repayment) of debt lssuance (repayment) of equity Cash from Financing \begin{tabular}{rr} FY 2122 & FY 2021 \\ $11,791 & $2,474 \\ 18,150 & 19,500 \\ 1,702 & 9,003 \\ \hline 28,239 & 12,971 \end{tabular} Net Increase (decrease) in Cash Opening Cash Balance \begin{tabular}{rr} 13,239 & 67,971 \\ 67,971 & \\ \hline 81,210 & 67,971 \\ \hline \end{tabular} Questions 1. In order to write a comprehensive project report, what else would you like to know from CORA and is the project idea feasible, profitable and sustainable in the context of Bangladesh's healthcare market. state the pros and cons of this startup
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started