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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.

Tasks:

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.