Question Description

Unit 2 Problem 11 Balance Sheet.m4a

Problem 2-11 Ray Hospital

Please listen to my introduction and recording regarding this problem under the updates and Handouts section.

First, figure out what information you do have:

Gross plant, property, and equipment

$70,000,000

Accrued expenses

$6,000,000

Cash

$8,000,000

Net accounts receivable

$15,500,000

Accounts payable

$7,000,000

Long-term debt

$45,000,000

Supplies

OR