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Refer to the Metropolis Health System (MHS) case study in Chapter 33. Required 1. Set up a worksheet for the liquidity ratios. 2. Compute the
Refer to the Metropolis Health System (MHS) case study in Chapter 33.
Required
1. Set up a worksheet for the liquidity ratios.
2. Compute the four liquidity ratios using the Chapter 33 MHS financial statements.
Schedule of Property, Plant, and Equipment (Exhibit Schedule of Patient Revenue (Exhibit 33-6) Schedule of Operating Expenses (Exhibit 33-7) t of Cash e Statement of Changes in Fund Balall fo Balance Sheet Exhibit 33-1 Metropolis Health System Balance Sheet March 31, 2 Liabilities and Fund Balance Current Liabilities Current Maturities of Long-Term Assets Current Assets $1,150,000 825,000 7,400,000 Cash and Cash Equivalents Debt Assets Whose Use Is Limited $525,000 Accounts Payable and Accrued Patient Accounts Receivable To Expenses Bond Interest Payable Reimbursement Settlement (Net of $1,300,000 Allowance 4,900,000 for Bad Debts) Other Receivables Inventories Prepaid Expenses Total Current Assets 300,000 in 150,000 900,000 200,000 10,625,000 100,000 Total Current Liabilities 5,825,000 6,000,000 (525,000) Long-Term Debt Less Current Portion of Assets Whose Use Is Limited Long-Term Debt Net Long-Term Debt Total Liabilities Fund Balances General Fund Corporate Funded 1,950,000 5,475,000 Depreciation Indenture Agrcement 1,425,000 Limited Held by Trustce Under Bond 11,300,000 100,000Matistics a Total Assets Whosc Use Is 3,375,000 Total Fund Balances 21,5000 oS Less Current Portion (825,000) Total Liabilities and Fund MEIS Balances $22,800,000 | Net Assets Whose Use Is Limited 2,550,000 Property, Plant, and Equipment, Net Other Assets Total Assets 19,300,000 325,000 $32,800,000Step by Step Solution
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