WESTSIDE CLINIC BALANCE SHEET FOR THE YEAR ENDED DECEMBER 31, 2018 ASSETS CURRENT ASSETS Cash and Cash Equivalents Assets Whose Use is Limited Patients Accounts Receivable (Net of $1,300,000 Allowance for Doubtful Accounts) Other Receivables Inventories Prepaid Insurance Property, Plant and Equipment, Net Land Buildings Equipment Other Assets Investments Total Assets LIABILITIES and FUND BALANCE CURRENT LIABILITIES $ 190,000 250,000 Current Maturities of Long Term Debt Accounts Payable \& Accrued Expenses Total Current Liabilities Long Term Debt Less Current Portion of Long Term Net Long Term Debt $ Total Liabilities Fund Balances Unrestricted Fund Balance Restricted Fund Balance Total Liabilities and Fund Balances $ 52,000 293,000 293,000 345,000 252,000 200,000(52,000) 545,000 418,000 $963,000 From the financial statements listed in the first two tabs of this spreadsheet, calculate the financial ratios listed below. 1. Calculate the Current Ratio Current Assets Current Liabilities 2. Calculate the Quick Ratio. Cash \& cash Equivalents + Net Receivable Current Liabilities 3. Calculate Days Cash on Hand Unrestricted Cash \& Cash Equivalents Cash Operation Exp/No. of Days in Period 4. Calculate Days Receivable Net Receivables Net Patient Service Revenue/No. of Days in Period 5. Calculate Liabilities to Fund Balance (Debt to Net Worth) Total Liabilities Unrestricted Fund Balances \begin{tabular}{|r|r|} \hline 190,000 & 36.79 \\ \hline 5,164 & 1,885,000 \\ \hline & 365 \\ \hline \end{tabular}