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Review the Week Assignment document (attached). Examine the data from the medical center described in the document. Reflect on how you will use this data

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Review the Week Assignment document (attached). Examine the data from the medical center described in the document. Reflect on how you will use this data to develop a balance sheet, profit and loss statement (statement of operations), and cash flow statement (statement of changes in net assets). Refer to the course text for additional guidance.

The Assignment:

Complete a balance sheet, profit and loss statement (statement of operations), and cash flow statement (statement of changes in net assets) using the "Week 7 Financial Statement Excel Template" (attached).

image text in transcribed Balance Sheet (in '000s) For the Year Ended September 30, 2016 9/30/2016 Current assets Cash and cash equivalents Net accounts receivable Inventory Total current assets Gross plant, property, and equipment (less accumulated depreciation) Net plant, property & equipment Long-term investments Total assets Current liabilities Accounts payable Wages payable Total current liabilities Long-term debt Total liabilities Net assets Ending balance, unrestricted net assets Ending balance, temporarily restricted net assets Total net assets Total liabilities and net assets 23,000 25,000 $66,000 $556,000 $99,000 $150,400 $150,400 $21,000 $9,100 $191,700 $426,000 $8,700 $191,700

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