Reference no: EM133056102
Questions -
Q1. New York Doctors Urgent Care had total assets of $500,000 and an equity balance of $350,000 at the end of 2019. One year later, at the end of 2020 the clinic had $575,000 in assets and $380,000 in equity. What was the New York Doctors Urgent Care dollar growth in assets during 2020 and how was this growth financed?
Q2. Mount Sinai Hospital had an equity balance of $1.38 million at the beginning of the year. At the end of the year its equity balance was $1.98million dollars. Assumed that Mount Sinai Hospital is a not-for-profit organization. What was its net income for the period?
Q3. The following are select entries for St Francis Clinic for December 31, 2020. In alphabetical order. Create St. Francis Clinic's balance Sheet
Account payable $20,000
Accounts receivable, net $60,000
Cash $30,000
Equity $230,000
Long-term debt $120,000
Long-term investments $100,000
Net property and equipment $150,000
Other assets $40,000
Other long-term liabilities $10,000