Question: Review Chapter 11 in your textbook before you begin working on this... Review Chapter 11 in your textbook before you begin working on this assignment.

Review Chapter 11 in your textbook before you begin working on this...

  1. Review Chapter 11 in your textbook before you begin working on this assignment.
  2. Read Assignment Exercise 11-1: Components of Balance Sheet and Statement of Net Income.
  3. Refer to the Metropolis Health System (MHS) statements beginning on p. 461 of your text book.
  4. Download the Financial Statements 1 worksheet.
  5. In the Financial Statements 1 worksheet, list the amount(s) from the appropriate MHS financial statement for the following components:
  • Current Liabilities
  • Total Assets
  • Income from Operations
  • Accumulated Depreciation
  • Total Operating Revenue
  • Current Portion of Long-Term Debt
  • Interest Income
  • Inventories

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