Assignment Exercise 101: Components of Balance Sheet and Statement of Net Income
Refer to the Metropolis Health System (MHS) financial statements contained in Appendix 28-A. Use the MHS comparative balance sheet statement of revenue and expenses and statement of fund balance for this assignment.
Required
Identify the following MHS balance sheet components. List the name of each component and its amount(s) from the appropriate MHS financial statement.
Current Liabilities
Total Assets
Income from Operations
Accumulated Depreciation
Total Operating Revenue
Current Portion of Long-Term Debt
Interest Income
Inventories
Assignment Exercise 102: Components of Balance Sheet and Income Statement
Refer to the Metropolis Health System (MHS) balance sheet and statement of revenue and expense in Chapter 28s MHS Case Study. Patient accounts receivable of $7400000 is shown as net of $1300000 allowance for bad debts (8700000 1300000 = 7400000). (1) What percentage of gross accounts receivable is the allowance for bad debts? (2) If the allowance for bad debts is raised to $1500000 where does the extra $200000 go?
Assignment Exercise 103: Components of Balance Sheet and Income Statement
Refer to the Metropolis Health System (MHS) balance sheet and statement of revenue and expense inChapter 28 MHS Case Study. Property plant and equipment of $19300000 is shown as net meaning net of the reserve for depreciation. If the $19300000 is reduced by $200000 (meaning the reserve for depreciation has risen) what happens on the income statement?
Assignment Exercise 111: Liquidity Ratios
Refer to the Metropolis Health System (MHS) case study in Chapter 28.
Required
1. Set up a worksheet for the liquidity ratios
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