Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition by Paul Copley, John Engstrom

تمرين 3

Using the annual financial report obtained for Exercise 1-1, answer the following questions:
a. Report the following ratios, using the text material for the Village of Elizabeth as a guide:
(1) Net debt per capita.
(2) Net debt to fair value of property.
(3) Net debt to assets.
(4) Debt service to total expenditures-General and debt service funds.
(5) Net assets/expenses.
(6) Unrestricted net assets/expenses.
(7) Unreserved fund balance/revenues-General Fund.
(8) Governmental revenues per capita.
(9) Interest coverage-revenue bonds.
(10) Operating ratio-enterprise funds.
b. Write a memorandum, based on the ratios you calculated in part ( a ) of this problem, giving a recommendation as to whether to purchase (1) general obligation or (2) revenue bonds of your governmental unit.