Please use the following information to answer the next questions about the Madi
ID: 2754084 • Letter: P
Question
Please use the following information to answer the next questions about the Madison Walk-In Clinic Balance Sheet.
Accounts Payable
$ 30,000
Cash
45,000
Current Assets:
Current Liabilities:
Inventories
20,000
Long-Term Debt
145,000
Long-Term Investments
44,000
Net Assets (Equity)
100,000
Net Patient Accounts Receivables
75,000
Net Property and Equipment
56,000
Notes Payable
25,000
Short-Term Investments
60,000
Total Assets
Total Current Assets
Total Current Liabilities
Total Liabilities
Total Liabilities and Equity
61.
Create the Clinic’s Balance Sheet (filling in necessary figures)
62.
Please answer and lable both parts of the question
A Determine the Clinic’s Net Working Capital.
B Determine the Clinic’s Debt Ratio.
Please use the following information to answer the next questions about the Madison Walk-In Clinic Balance Sheet.
Accounts Payable
$ 30,000
Cash
45,000
Current Assets:
Current Liabilities:
Inventories
20,000
Long-Term Debt
145,000
Long-Term Investments
44,000
Net Assets (Equity)
100,000
Net Patient Accounts Receivables
75,000
Net Property and Equipment
56,000
Notes Payable
25,000
Short-Term Investments
60,000
Total Assets
Total Current Assets
Total Current Liabilities
Total Liabilities
Total Liabilities and Equity
61.
Create the Clinic’s Balance Sheet (filling in necessary figures)
Explanation / Answer
Working Capital = Current Assets- Current Liabilities Current assets Cash 45000 Inventories 20000 Accounts Receivable 75000 Total 140000 Current Liabilities Accounts Payable 30000 Notes Payable 25000 Short Term Investments 60000 Total 115000 Working Capital 140000-115000 25000 Working Capital is $ 25000