Based on the balance sheet please answer and show work: 1.How much does the hospital own? 2.
Question:
Based on the balance sheet please answer and show work:
1.How much does the hospital own?
2. What % of the hospital's assets are current?
3. How much does the hospital owe to others?
4. What are current assets minus current liabilities?
BALANCE SHEET (in thousands):
Assets
Current Assets:
Cash and Cash Equivalents $15,128
Short-Term Investments $12,500
Net Patient Accounts Receivable $35,636
Inventories $4,619
Total Current Assets $67,883
Long-Term Investments $60,074
Net property and equipment $65,563
Total Assets $193,520
Liabilities and Equity
Current Liabilities:
Notes Payable $5,418
Accounts Payable $6,278
Accrued Expenses $7,586
Total Current Liabilities $19,282
Long-Term Debt $106,653
Other Long-Term Liabilities $2,568
Total Liabilities $109,221
Net Assets (Equity) $67,883
Total Liabilities and Equity $196,386
Expert Answer:
1 How much does the hospital own The hospital owns 193520000 in total assets 2 What of the hospit... View the full answer
Elementary Linear Algebra with Applications
ISBN: 978-0471669593
9th edition
Authors: Howard Anton, Chris Rorres
