Ch. 10 Exercise: Comparative Ratios

/in /by

Complete the following in Exercise 10-20:

  • a and b, p. 436
  • Only choose three for both a & b
  • Be sure to show your computations.

Limit the number of financial performance measures to three for the City of Arborland.

10-20 Comparative Ratios. The government-wide financial statements for the City of Arborland for a three-year period are presented on the following pages.

  • Additional information follows:
    • Population: Year 2017: 30,420, Year 2016: 28,291, Year 2015: 26,374.
    • Debt limit remained at $20,000,000 for each of the three years. Net cash from operations is generally 80 percent of total revenues each year.
  1. Which of the financial performance measures in Illustration 10-4 can be calculated for the City of Arborland based on the information that is provided?
  2. Calculate those ratios identified in part a for FY 2017. Show your computations

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