Question
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
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).
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 $191,700Step by Step Solution
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