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Please answer question below and show work please thank you Problem 4 yung Grade: out of (max): The December 31, 20X6 balance sheet of Wolverine
Please answer question below and show work please thank you Problem 4 yung Grade: out of (max): The December 31, 20X6 balance sheet of Wolverine Hospital is as follows: 5 Cash Account Receivables, net Inventory Plant assets, net TOTAL ASSETS 12/31/20X6 Balance $ 281,290 ? ? $ 408,950 $ 1,124,500 1) 2) ? 3) $ 39,600 ? Accounts payable Other current payables Long-term debt TOTAL LIABILITIES Hospital net assets TOTAL NET ASSETS & LIABILITIES $ $ $ 311,000 813,500 1,124,500 The following additional information is available: Current Ratio Net Patient Revenue for 20X6 Days in Accounts Receivable $ 2.56 1,350,000 42.7 These are the only accounts in Wolverine's balance sheet. Blanks amounts can be calculated with the information given. Required: 1) What was Wolverine's accounts receivables, net as of December 31, 20X6? 2) What was Wolverine's inventory as of December 31, 20X6? 3) What was Wolverine's accounts payable as of December 31, 20X6? 4) What was Wolverine's long-term debt as of December 31, 20X6
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