Capella University Week 2 Ray Hospital Financial Management Paper Unit 2 Problem 11 Balance Sheet.m4a Problem 2-11 Ray Hospital Please listen to my intro

Capella University Week 2 Ray Hospital Financial Management Paper Unit 2 Problem 11 Balance Sheet.m4a Problem 2-11 Ray Hospital Please listen to my introduction and recording regarding this problem under the updates and Handouts section. First, figure out what information you do have: Gross plant, property, and equipment $70,000,000 Accrued expenses $6,000,000 Cash $8,000,000 Net accounts receivable $15,500,000 Accounts payable $7,000,000 Long-term debt $45,000,000 Supplies $3,000,000 Accumulated depreciation $5,000,000 Feel free to use the template below: Ray Hospital Balance Sheet September 30, Year 9/30/20X1 9/30/20X1 9/30/20X1 9/30/20X1 Current Assets Current liabilities Cash Accounts payable Net accounts receivable Accrued expenses Supplies Total current liabilities Total current assets Long-term debt Gross plant, property, and equipment Total liabilities (less accumulated depreciation) Net assets: Net plant, property, and equipment Total net assets Total assets Total liabilities and net assets Second, start plugging in your assets and liabilities from the given information: Ray Hospital Balance Sheet September 30, Year 9/30/20X1 9/30/20X1 9/30/20X1 9/30/20X1 Current Assets Current liabilities Cash $8,000,000 Accounts payable Net accounts receivable 15,500,000 Accrued expenses Supplies 3,000,000 Total current liabilities Total current assets 26,500,000 Long-term debt Gross plant, property, and equipment Total liabilities (less accumulated depreciation) Net assets: Net plant, property, and equipment Total net assets Total assets Total liabilities and net assets Note: Non-profit healthcare organizations on their balance sheet should demonstrate unrestricted net assets, temporarily and permanently restricted net assets. However, in this problem, you will not have the information. Therefore, keep it basic, simply as Net Assets (one category) for this problem. For a non-profit organization: Assets – Liabilities = Net Assets. Using Excel, complete problem 11 on page 77 of your Financial Management of Health
Care Organizations text by Zelman, McCue, Glick, and Thomas. Post your workbook to
this discussion. Also, include a brief assessment of the financial position of Ray Hospital
based on your completed balance sheet.
Remember to use citations and references as appropriate. Your post must follow APA
sixth edition style and formatting guidelines. See the Campus APA Style and Format
page, linked in the Resources, for more information.
The goal here is to learn and I do not want anyone losing sleep over these tasks. If you are confused with
some of the financial, concepts, ratios or statements you may still complete the task by providing us
(peers and me) with a narration of the financial concepts we have discussed that you may incorporate in
your tasks. If you have financial experience and are comfortable with using and applying financial ratios
you may provide additional detail in your approach.
Helpful Tips for Week 2:
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Unit 2 Problem 11 Balance Sheet.m4a
Problem 2-11 Ray Hospital
Please listen to my introduction and recording regarding this problem under the updates and Handouts
section.
First, figure out what information you do have:
Gross plant, property, and equipment
$70,000,000
Accrued expenses
$6,000,000
Cash
$8,000,000
Net accounts receivable
$15,500,000
Accounts payable
$7,000,000
Long-term debt
$45,000,000
Supplies
$3,000,000
Accumulated depreciation
$5,000,000
Feel free to use the template below:
Ray Hospital
Balance Sheet
September 30, Year
9/30/20X1
9/30/20X1
9/30/20X1
9/30/20X1
Current Assets
Current liabilities
Cash
Accounts
payable
Net accounts
receivable
Accrued
expenses
Supplies
Total current
liabilities
Total current
assets
Long-term debt
Gross plant,
property, and
equipment
Total liabilities
(less accumulated
depreciation)
Net assets:
Net plant,
property, and
equipment
Total net assets
Total assets
Total liabilities
and net assets
Second, start plugging in your assets and liabilities from the given information:
Ray Hospital
Balance Sheet
September 30, Year
9/30/20X1
9/30/20X1
9/30/20X1
Current Assets
9/30/20X1
Current liabilities
Cash
$8,000,000
Accounts
payable
Net accounts
receivable
15,500,000
Accrued
expenses
Supplies
3,000,000
Total current
liabilities
Total current
assets
26,500,000
Long-term debt
Gross plant,
property, and
equipment
Total liabilities
(less accumulated
depreciation)
Net assets:
Net plant,
property, and
equipment
Total net assets
Total assets
Total liabilities
and net assets
Note: Non-profit healthcare organizations on their balance sheet should demonstrate unrestricted net
assets, temporarily and permanently restricted net assets. However, in this problem, you will not have
the information. Therefore, keep it basic, simply as Net Assets (one category) for this problem. For a
non-profit organization: Assets – Liabilities = Net Assets.

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