Prepare a balance sheet, income statement, and cash flow statement for a fictitious company. Use the information provided below to help construct your documents. Then, answer the following questions:

What is the companys net assets?

Do the companys assets exceed its total liabilities?

What portion of the companys current assets are reported under cash?

Does it appear to have a lot of cash relative to its other assets and liabilities?

How much of this companys cash is tied up in transactions it cannot directly control, such as receivables and payables?

How much of the organizations cash flow is related to sales of goods and inventory?

How predictable are those sales?

Based on the balance sheet, what is the companys current financial position?

Based on the companys cash assets, what should it do with the excess cash, if anything?

Springfield Memorial Rehabilitation Center

Cash on Hand: $13,280

Owner's Capital: $240,725

Accounts Payable: State Medical Supplies, Inc. $12,540

Linens N Things $550

All-Med, Co. $1,250

Utilities $1,110

Medi, Inc $5,665

Expenses: Program Services $11,500

Salaries $137,270

Medical Equipment: $126,355

Other Assets: $15,000

Accounts Receivable: Patient Accounts $156,275

Social Security Administration $44,110

Property/Land: $437,442

Mortgage: $330,241

(Monthly payment: $8,200)

Investments: $42,525

Contributions and Grants: $64,247