MHC6305- Financial Management of Healthcare Organizations
12550Review the following balance sheet:
Best Care Health Maintenance Organization (HMO)
Balance Sheet
June 30, 2011 (in thousands)
Assets
Current assets:
Cash
Net premiums receivable
Supplies
$2,737
$821
$387
Total current assets
$3,945
$3,945
Net property and equipment
$5,924
Total assets
$9,869
Liabilities and Net Assets
Accounts payable—medical services
$2,145
Accrued expenses
$929
Notes payable
$382
Total current liabilities
$3,456
$3,456
Long-term debt
$4,295
Total liabilities
$7,751
$7,751
Total assets
$9,869
Net assets-unrestricted (equity)
$2,118
Total liabilities and net assets
$9,869
Answer the following questions after your analysis:
What is Best Care’s net working capital for 2011? Show your work.
What is Best Care’s debt ratio? Show your work.
To support your work, use your course and textbook readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.
Submission Details:
Your assignment should be addressed in a 2- to 3-page document.
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