Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pick a company in the health care industry, find their annual financial statements (10-Ks) from the most recent year end, and answer the following questions.

Pick a company in the health care industry, find their annual financial statements (10-Ks) from the most recent year end, and answer the following questions. Include the URL or a PDF of the companys financial statements that you used to answer the questions.

A. Refer to the companys balance sheet. 1. What form of business organization do they use? What evidence supports your answer? 2. What is the date of the most recent balance sheet? 3. For the most recent balance sheet, what is the largest asset reported? The largest liability?

B. Refer to the companys income statement. 1. What time period is covered by the most recent statement of earnings? 2. What total amount of revenue did they generate in the most recent period? What is the change in revenues from last year to the current report year? 3. What is the net income (i.e., net earnings) for the most recent period?

C. Refer to the companys statement of cash flows. 1. For the most recent period, what is the amount of the cash flow from operating activities? i. Did it increase or decrease from the previous year and by how much? 2. For the most recent period, what is the amount of the cash flow from investing activities? i. Did it increase or decrease from the previous year and by how much? 3. For the most recent period, what is the amount of the cash flow from financing activities? i. Did it increase or decrease from the previous year and by how much?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting In Health Care Organizations

Authors: David W. Young

3rd Edition

1118653629, 978-1118653623

More Books

Students also viewed these Accounting questions

Question

Gambling by student and professional athletes

Answered: 1 week ago

Question

7. What are the main provisions of the FMLA?pg 87

Answered: 1 week ago

Question

7. What are the main provisions of the FMLA?

Answered: 1 week ago