Melissa Morse

Pearson Excel
Proj. 86

Fixed Asset Distribution

Current Assets Inventory, $11,265

HelpNow Medical Center

Current Assets Income taxes

collected (not due), $41,859
Current Assets, 0

Current Assets Cash and cash

equivalents, $8,755

Current Assets Accounts recivable,

$28,957

Current Assets Long-term

investments, $256,987

Current Assets Accounts receivable

(past due), $1,897

Current Assets Short-term

investments, $32,750

Melissa Morse
Pearson Excel
Proj. 86

2011
Current ratio:
Quick ratio:

HelpNow Medical Center

0.950
0.922

Current Assets

Current Liabilities

Cash and cash equivalents

Accounts recivable
Accounts receivable (past due)
Short-term investments
Long-term investments
Inventory
Income taxes collected (not due)

$
$
$
$
$
$
$

8,755
28,957
1,897
32,750
256,987
11,265
41,859

Total Current Assets $

Notes payable
Accounts payable (current)
Accounts payable (past due)
Current portion long-term debt
Accrued retirement contributions
Other current liabilities
Interest payable

382,470

$
$

32,185
11,250

Buildings (at cost)

Building improvements

$
$

285,975
112,958

Other assets

402,503

Income Taxes

Land
Land improvements

Prepaid expenses

9,785
3,128
21,875
297,551
16,145
54,019

Total Current Liabilities $

Fixed Assets

Equipment (at cost)

$
$
$
$
$
$
$

$
1,452,375
Total property, building, and equipment $
Less depreciation $
Property, buildings, and equipment (net) $
$
25,789
$

Federal tax (current)

State tax (current)

$
$

88,175.00
31,064.00

Total Income Taxes $

119,239

Long-Term Liabilities
1,894,743
29,785

Mortgage debt due after 1 year

Equipment debt due after 1 year

402,875
1,287,556

Long-term Liabilities $

1,864,958

1,690,431

Net Worth

118,956

Total Fixed Assets $ 2,009,703

Total Assets

$
$

2,392,173

Orlinda Marquez, M.D.

45,000

Michael Lombardi, Ph.D.

Gwendolyn Green, M.D.
Jane Medura, M.D.
Azade Yedding, M.D.

$
$
$
$

45,000
30,000
30,000
30,000

Total Net Worth $

180,000
Total Liabilities and Net Worth $

2,392,173