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)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: