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Financial Statement Analysis of BestCare Health Maintenance Organization Financials

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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)Balance SheetJune 30, 2011 (in thousands)

AssetsCurrent assets:Cash$2,737Net premiums receivable$821SuppliesTotal current assets$3,945$3,945Net property and equipmentTotal assets $9,869

Liabilities and Net AssetsAccounts payable—medical$2,145servicesAccrued expenses$929Notes payableTotal current liabilities$3,456$3,456Long-term debtTotal liabilities$7,751$7,751Total assetsNet assets-unrestricted (equity)$2,118Total 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.