Financial Statement Analysis

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.

Tasks:

Review the following balance sheet:

BestCare Health Maintenance Organization (HMO)
Balance Sheet
June 30, 2011 (in thousands)
Assets
Current assets:
Cash $2,737
Net premiums receivable $821
Supplies $387
Total current assets $3,945 $3,945
Net property and equipment $5,924
Total assets $9,869
Liabilities and Net Assets
Accounts payable—medical $2,145
services
Accrued expenses $929
Notes payable $382
Total current liabilities $3,456 $3,456
Long-term debt $4,295
Total liabilities $7,751 $7,751
Total assets $9,869
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?
Submission Details:

Present your analysis as a 2-page report in a Microsoft Word document formatted in APA style.
On a separate page, cite all sources using APA format.

 

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