Income statement Brandywine Homecare.xlsx - Brandywine...

Brandywine Homecare
Income Statement
For the End year 2004
Number Description Amount Reveues
Revenue $12,000,000.00 Expenses
Total Revenue $12,000,000.00
Depreciation expense $1,500,000.00 Depreciation expense
Expense $9,000,000.00
Total Expense $10,500,000.00
Net income $1,500,000.00

Information
$12,000,000.00
75 % of the Revenues
$1,500,000.00
All revenues were collected in cash
All expenses were paid in cash

Best Care HMO
Balance Sheet
6/30/2004, (in thousands)
Assets
Current Assets
Cash and cash equivalents $2,737
Net premiums receivable $821
Supplies $387
Total current assets $3,945
Net property and equipment $5,924
Total assets $9,869
Liabilities and Net Assets
Accounts payable—medical services $2,145
Accrued expenses $929
Notes payable $382
Total current liabilities $3,456
Long-term debt $4,295
Total liabilities $7,751
Net assets—unrestricted (equity) $2,118
Total liabilities and net assets