Refer to the Metropolis Health System Supplemental Information at the
back of the Examples and Exercises section. Use the MHS comparative
Balance Sheet, Statement of Revenue and Expenses, and Statement of Fund
Balance (pgs. 404 – 407).
1. Identify the amounts for the current year for the following categories:
a. Current Liabilities
b. Total Assets
c. Income from Operations
d. Accumulated Depreciation
e. Total Operating Revenue
f. Current Portion of Long-Term Debt
g. Interest Income
h. Inventories2. Metropolis currently has $1,150,000 in cash. How long
would it take them to accumulate $2,000,000 in cash? Assume an
interest rate of 5 percent.