Reference no: EM131300759 , Length: word count:700
Balance Sheet Worksheet
Consider the following scenario:
Imagine you are a manager of a small health care facility and in charge of developing an annual balance sheet to help your stakeholders understand the organization's financial standing.
Your health care facilities figures are as follows:
Your facility has $700,000 of cash on hand, $1,300,000 in accounts receivables, $175,000 in inventory, and $150,000 in supplies.
Your chief financial officer has provided you with the following assets:
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Land value
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$3,000,000
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Property value
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$ 187,500
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Plant value
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$ 187,500
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Investment income (loss)
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$ 147,000
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Equipment value
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$ 350,000
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Your chief financial officer has provided you with the following liabilities:
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Accounts payable
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$1,400,000
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Wages payable
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$ 480,000
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Taxes payable
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$ 225,000
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Loans payable
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$ 70,000
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Accounts payable
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$ 68,000
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Your chief financial officer has provided you with the following owners equity:
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Retained earnings
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$ 148,000
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Stock
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$ 340,000
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Using the ABC Health Care Balance Sheet template, complete a balance sheet in which you include the net profit (loss).
Write a 350- to 700-word executive summary that explains to the board of directors how you developed the balance sheet and its importance.
Include the following in your summary:
- Explain the process for creating a balance sheet.
- Explain the total assets, liabilities, and net worth (loss).
- Explain the use of profitability, liquidity, and debt ratios.
Cite at least 2 sources, including your textbook.
Format your assignment according to APA guidelines.
Click the Assignment Files tab to submit your assignment.
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