Please assist with Balance Sheet Worksheet, health & medicine homework help

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Complete the Balance Sheet Worksheet and Template.

Format your assignment according to APA guidelines.

University of Phoenix Material

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 cash on hand; $1,300,000 in accounts receivables; $175,000 in inventory; and $150,000 in supplies.

Your chief financial officer (CFO) has provided you with the following assets:

Land value

$3,000,000

Property value

$ 287,500

Plant value

$ 287,500

Investment income (loss)

$ 147,000

Equipment value

$ 350,000

Your CFO has provided you with the following liabilities:

Accounts payable

$1,400,000

Wages payable

$ 480,000

Taxes payable

$ 225,000

Loans payable

$ 70,000

Bonds payable

$ 68,000

Your CFO has provided you with the following owners equity:

Retained earnings

$ 148,000

Stock

$ 340,000

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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