Indicate the information you would extract and some ratios you might calculate from the Comprehensive Annual Financial
Question:
Indicate the information you would extract and some ratios you might calculate from the Comprehensive Annual Financial Report for each of the following major areas. Do not limit your answer to the 10 ratios listed in the text.
a. Analysis of the ability to repay revenue bonds for the Water and Sewer Fund.
b. Analysis of the ability to repay general obligation debt of a government.
c. Analysis of the ability to repay a short-term loan to a local bank.
d. Analysis of the ability to increase services next year without raising taxes.
e. Analysis of the ability to provide raises to employees next year without raising taxes.
f. Analysis of the ability to raise taxes next year.
g. Analysis to see if the budget is under control.
Step by Step Answer:
Essentials of Accounting for Governmental and Not-for-Profit Organizations
ISBN: 978-0073527055
10th Edition
Authors: Paul A. Copley