The following are selected entries for Orlando Clinic for December 2020. Create Orlando Clinics balance...
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Accounting
The following are selected entries for Orlando Clinic for December 2020. Create Orlando Clinics balance sheet.
| Accounts payable | $20,920,000 |
| Accounts receivable, net | $39,112,000 |
| Cash | $12,770,000 |
| Equity | Calculate this value |
| Long-term debt | $36,604,000 |
| Long-term investments | $9,500,000 |
| Net property and equipment | $30,978,000 |
| Other noncurrent assets | $18,789,000 |
| Supplies | $6,999,000 |
| Accrued expenses | $2,335,000 |
a. Create Orlando Clinics balance sheet.
b. What is Orlando Clinics debt ratio? See textbook, pages 375-376.
c. How does Orlando Clinics debt ratio compare with Park Ridge Home-cares debt ratio? See textbook, Exhibit 12.1.
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