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21 Sep Financial Reports Assignment

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You will just have to fill in the numbers. The 1st download is an example The assignment is the 2nd download

BS

Account Name Amount Account Name Amount
Current Assets Current Liabilities
prepaid expenditures
cash and cashequialents
Inventories
accounts Receivable
allowancew from accounts receivable
Total Current Assets Total Current Liabilities
Long-term Assets Long Term Liabilties
Total Long-term Assets Total Long Term Liabilities
Total Liabilities
Net Assets (Equity)
Total Assets Total Net Assets plus Liability

&12Ferris Hospital (000s omitted) Balance Sheet For the year ended 12/31/16

IS

Revenue
Net operating revenue
Expenses
Total operating expenses
Net Income from Operations
Other income (loss)
Interest Income
Net income(loss)

&12Ferris Hospital (000s omitted) Income Statement For the year ended 12/31/16

Cash Flows

December 31, 2014 December 31, 2013 Instructions:
Operating Net Income 12,645 Bring over from Income Statement
Reconcilliation of Net Income to Cash Flow:
Add Back: Depreciation and Amortization 7,698 Bring over from Income Statement – Depreciation Expense
(Increase)/Decrease in Accounts Receivable 10,000 There was a decrease in Accounts Receivable of 4,000
(Increase)/Decrease in Inventory (1,000) There was an increase in Inventory of 500
(Increase)/Decrease in Prepaid Expense 1,500 There was an increase in Prepaid Expense of 1,000
Increase/(Decrease) in Accounts Payable 2,000 There was a decrease in Accounts Payable of 1,500
Adjustments to Net Income 20,198 Sum all adjustments
Net Cash Flow from Operations 32,843 Subtract adjustments from Operating Net Income
Captial and Related Financing
Purchase of Capital Equipment – You purchased new computers for 10,000
Proceeds of Capital Financing – There were no proceeds from Capital Financing
Interest on Lont-term Debt (5,000) There was 4,000 paid on Interest on Long-term Debt
Principal on Long-term Debt (10,000) There was 11,000 paid on the Principle on Long-term Debt
Net Cash from Capital and Related Financing (15,000) Sum all Captial and Related Financing
Investments
Investment Income 2,000 You received 1,960 from investment income
(Purchase)/Sale of Investments – You purchased a Certificate of Deposit for 1,500
Net Cash from Investments 2,000 Sum all Investment Income
Net increase in Cash & Cash Equivalents 19,843 Add Net Cash Flow from Operations, Net Cash from Capital and Related Financing and Net Cash from Investments
Cash & Case Equivalents, Beginning of Year 5,000 Put the Cash and Cash Equvalents from 2013 in this cell
Cash & Cash Equivalents, End of Year 24,843 Sum Net increase in Cash and Cash Equvalents from 2013 and 2014

Ferris Hospital (000s omitted) Statement of Cash Flows For the year ended 12/31/16

Changes in Fund Balance

December 31, 2014 December 31, 2013
Balance First of Year 70,249 Put the number from the previous year's balance here.
Revenue in Excess of Expenses 12,645 Bring the Net Income from the Income Statement here
Interest Income 2,000 Bring the Interest Income from the Income Statement
Balance End of Year 84,894 Sum it all up here

Ferris Hospital (000s omitted) Changes in Fund Balance For the year ended 12/31/16

Accounts

Accounts payable 763
Accounts Receivable Gross 28,406
Allowances from Accounts Receivable (4,208)
Cash and Cash Equivalents 21,709
Current portion of long term debt 3,058
Depreciation expense 7,326
Employee Benefits expense 13,290
Inpatient Services Revenue 90,085
Insurances expense 1,512
Interest Income 1,780
Inventories 2,499
Less Accumulated depreciation (43,417)
Long Term Debt, less current portion 14,798
Notes payable 1,153
Other Operating Expenses 10,533
Out Patient Services Revenue 105,258
Physician Fees expense 2,815
Plant Property& Equipment (PP&E) 126,327
Prepaid Expenditures 3,811
Repairs & Maintenance expense 3,205
Revenue Deductions (48,755)
Salaries &withholdings payable 4,164
Salary & Wage expense 71,764
Supplies expense 23,800
Utilities expense 2,256

,

BS

Account Name Amount Account Name Amount
Current Assets Current Liabilities
Prepaid Expenditures 3,811 Accounts payable 713
Cash and Cash Equivalents 21,409 Salaries &withholdings payable 4,164
Inventories 2,499 Notes payable 1,153
Accounts Receivable Gross 26,406 Current portion of long term debt 2,058
Allowances from Accounts Receivable (4,508)
Net A/R 21,898
Total Current Assets 49,617 Total Current Liabilities 8,088
Long-term Assets Long Term Liabilties
Plant Property& Equipment (PP&E) 116,327 Long Term Debt, less current portion 14,798
Less Accumulated depreciation (43,417)
Total Long-term Assets 72,910 Total Long Term Liabilities 14,798
Total Liabilities 22,886
Net Assets (Equity) 99,641
Total Assets 122,527 Total Net Assets plus Liability 122,527

&12EFG Hospital (000s omitted) Balance Sheet For the year ended 12/31/14

IS

Revenue
Inpatient Services Revenue 92,085
Out Patient Services Revenue 103,258
Total Gross Revenue 195,343
Revenue Deductions (48,755)
Net operating revenue 146,588
Expenses
Salary & Wa

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