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Assignment 2: Dropbox Assignment
Financial Statement Analysis of BestCare Health Maintenance Organization Financials
A balance sheet truly illustrates the health and wellbeing of any company. Consider what you have learned this week and apply it to this assignment.
Review the following balance sheet:
|BestCare Health Maintenance Organization (HMO)|
|June 30, 2011 (in thousands)|
|Net premiums receivable||$821|
|Total current assets||$3,945||$3,945|
|Net property and equipment||$5,924|
|Liabilities and Net Assets|
|Total current liabilities||$3,456||$3,456|
|Net assets-unrestricted (equity)||$2,118|
|Total liabilities and net assets||$9,869|
Answer the following questions after your analysis:
- What is BestCare’s net working capital for 2011?
- What is BestCare’s debt ratio? How does this ratio compare with Sunnyvale’s debt ratio as shown in Exhibit 4.1 (Chapter 4) in your textbook?
- Present your analysis as a 3-page report in a Microsoft Word document formatted in APA style.
- On a separate page, cite all sources using APA format.
|Assignment 2 Grading Criteria||
|Provided an accurate analysis of BestCare’s net working capital for 2011.||
|Provided an accurate debt ratio for BestCare.||
|Correctly analyzed the comparison of BestCare’s debt ratio to Sunnyvale’s debt ratio.||
|Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and APA style attribution of sources; displayed accurate spelling, grammar, and punctuation.||