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$70,000,000Accrued expenses$6,000,000Cash$8,000,000Net accounts receivable$15,500,000Accounts payable$7,000,000Long-term debt$45,000,000Supplies$3,000,000Accumulated depreciation$5,000,000Feel free to use the template below:Ray HospitalBalance SheetSeptember 30, Year9/30/20X19/30/20X1Second, start plugging in your assets and liabilities from the given information:Ray HospitalBalance SheetSeptember 30, Year9/30/20X19/30/20X1Note: 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.