Consider this balance sheet:

a. How does this balance sheet differ from the ones presented in Table 4.1 and Problem 4.5?

b. What is Green Valley’s net working capital for 2004?

c. What is Green Valley’s debt ratio? How does it compare with the debt ratios for Sunnyvale and BestCare?

Assets Green Valley Nursing Home, Inc. Balance Sheet December 31, 2004 Current Assets: Cash and cash equivalents Investments Net patient accounts receivable Supplies Total current assets Property and equipment Less accumulated depreciation Net property and equipment Total assets Liabilities and Shareholders' Equity Current Liabilities: Accounts payable Accrued expenses $ 105,737 200,000 215,600 87,655 $ 608,992 $2,250,000 356,000 $1,894,000 $2,502,992 $ 72,250 192,900