Refer to the Metropolis Health System (MHS) case study (p. 1-p.12) in the attached PDF.
1. Set up a worksheet for the liquidity ratios.
2. Compute the four liquidity ratios using the Chapter 25 MHS financial statements.
John Whitten is one of the physicians on staff at Metropolis Health System. His practice is six years old. He has set up an office savings account to accumulate the funds to replace equipment in his practice. Today John is trying to figure what his equipment fund will amount to in four more years.
The equipment fund savings account presently has a balance of $63,500 and any interest earned over the next four years will be left in the account. John assumes the annual interest rate will be 5 percent. How much money will be in the account at the end of four more years?
1) Compute how much money will be in the account at the end of four more years. (Use the Future Value orCompound Interest Table found at the back of this chapter.)
Type your answers to both parts of the assignment and submit. Please be thorough in your solutions and useproper grammar/punctuation. Please message me if you have any questions. Please refer to p. 1-12 of the attached PDF to answer the questions.
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