Did I solve these correctly? Also, how do I solve #8? Provided below...
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Accounting
Did I solve these correctly? Also, how do I solve #8?
Provided below are recent financial statements for Primrose Community Clinic. Primrose Community Clinic Balance Sheet As of December 31, 2018 Primrose Community Clinic Income Statement For the year ended December 31, 2018 Current Assets revenue S3,086,500 Accounts receivable (net) S1,405,590 S562,236 services services Total current assets $2.839,58 Equipment (net) Net Income $271,350 Liabilities and Fund Balance Percentage of revenues that were on credit......... $85,000 Total current liabilities Calculate the following ratios: Round your answer to 2 decimal plac to le, 12.35 and 1.23%) 5 Total long-term liabilities 557.99 8.00% 8.00% S1,234,600 Total Liabilities and Fund Balance
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