Compute the following financial ratios

Compute the following financial ratios

Assemble the financial statements prepared for the City of Monroe.

Compute the following financial ratios as per the given financial statements. They will be the solutions to Exercises 5–C, 6–C, 7–C, and 8–C. Assume a population of 32,000 and fair value of property in the amount of $275 million.:

  1. (1) Financial Position – Governmental Activities.
  2. (2) Financial Position – General Fund.
  3. (3) Quick Ratio – Governmental Activities.
  4. (4) Leverage – Primary Government.
  5. (5) Debt Coverage – Enterprise Funds.
  6. (6) Debt Service to Total Expenditures.
  7. (7) Debt per Capital – Primary Government.
  8. (8) Debt to Assessed Value of Property – Primary Government.

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