Based on the Balance Sheet answer the following questions.

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use the space below to create the Balance Sheet: Based upon your Balance Sheet, answer the following in the space provided: Assets 2017 Current Assets: Cash and cash equivalents Short-term investments Net patient accounts reeivable Inventories Total-current assets Long-term investments Net property and equipment $401,760.00 800,000 2,280,720 295600 $3,778,080.00 3,844,720 4.196.000 b. c. d. e. How much does the hospital own? What % of the hospital's assets are current? How much does the hospital owe to others? What are current assets minus current liabilities? What is the hospital's net assets (equity)? If the hospital earned $250,000 in 2017, what was the net assets (equity) balance on 12/31/16? If the net assets (equity) balance was $375,000 on 12/31/16, what was the hospital's net income in 2017? Total assets $11,818,800.00 6 Liabilities and Equity Current Liabilites: Notes payable Accounts payable Accrued expenses Total current liabilites Long term debt Total liabilities Net assets (Equity) Total liabilities and equity $346,720.00 401,760 485 520 $1,234,000.00 6,825,760 $8,059,760.00 $3,759,040.00 $11818.800.00 use the space below to create the Balance Sheet: Based upon your Balance Sheet, answer the following in the space provided: Assets 2017 Current Assets: Cash and cash equivalents Short-term investments Net patient accounts reeivable Inventories Total-current assets Long-term investments Net property and equipment $401,760.00 800,000 2,280,720 295600 $3,778,080.00 3,844,720 4.196.000 b. c. d. e. How much does the hospital own? What % of the hospital's assets are current? How much does the hospital owe to others? What are current assets minus current liabilities? What is the hospital's net assets (equity)? If the hospital earned $250,000 in 2017, what was the net assets (equity) balance on 12/31/16? If the net assets (equity) balance was $375,000 on 12/31/16, what was the hospital's net income in 2017? Total assets $11,818,800.00 6 Liabilities and Equity Current Liabilites: Notes payable Accounts payable Accrued expenses Total current liabilites Long term debt Total liabilities Net assets (Equity) Total liabilities and equity $346,720.00 401,760 485 520 $1,234,000.00 6,825,760 $8,059,760.00 $3,759,040.00 $11818.800.00