Review the Balance Sheet in the Financial Statements tab under Chief Financial Officer in the Patton-Fuller Community Hospital Virtual Organization on your student website. Notice that Patton-Fuller is a for-profit entity.
Patton – Fuller Community Hospital Balance Sheet 2009 – 2008 (In Thousands) (Unaudited)
2009
2008
Assets
Current Assets
Cash and Cash Equivalents
$22,995
$41,851
Assets of Limited Use
27,594
41,851
Patient Accounts Receivable (net of Allowance for Bad Debts 2009: $10,757 2008: $6,777)
59,787
37,666
Other Receivables (3rd party payer settlements)
—
87
Inventories
18,396
8,370
Prepaid Expenses
95
201
Total Current Assets
$128,867
$130,026
Other Assets
Funded Depreciation
$137,970
$167,404
Held under Bond Indenture
73,584
75,332
Property, Plant and Equipment, net
248,346
175,774
Total Assets
$588,767
$548,535
Liabilities and Equity
Current Liabilities
Current portion of long-term debt
$14,599
$4,185
Accounts payable, accrued expenses
9,198
4,185
Bond interest payable
10
10
Total Current Liabilities
$23,807
$8,380
Other Liabilities
Long-term debt
$452,945
$209,255
less: current portion of long-term debt
14,599
4,185
Net long-term debt
$438,346
$205,069
Total Liabilities
$462,153
$213,450
Equity
Common Stock, $ 0.01 par value 10,000,000 shares authorized 5,000,000 shares outstanding
$50
$50
Additional paid-in capital
0
0
Retained Earnings (or “Net Worth” or “Unrestricted Fund Balance”)
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