financial statement analysis of bestcare health maintenance organization financi

EXHIBIT 4.1 Sunnyvale Clinic Balance Sheet.docx

A balance sheet truly illustrates the health and wellbeing of any company. Consider what you have learned this week and apply it to this assignment.

Tasks:

Review the following balance sheet:

BestCare Health Maintenance Organization (HMO)

Balance Sheet

June 30, 2011 (in thousands)

Assets

Current assets:

Cash

$2,737

Net premiums receivable

$821

Supplies

$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

$2,145

services

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 BestCare’s net working capital for 2011?
  • What is BestCare’s debt ratio? How does this ratio compare with Sunnyvale’s debt ratio as shown in Exhibit 4.1 (Chapter 4) in your textbook? (See attachment)

Submission Details:

  • Present your analysis as a 2-page report in a Microsoft Word document formatted in APA style.
  • On a separate page, cite all sources using APA format.

Assignment 2 Grading Criteria

Maximum Points

Provided an accurate analysis of BestCare’s net working capital for 2011.

16

Provided an accurate debt ratio for BestCare.

16

Correctly analyzed the comparison of BestCare’s debt ratio to Sunnyvale’s debt ratio.

10

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and APA style attribution of sources; displayed accurate spelling, grammar, and punctuation.

8

Total:

50

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