Use the information gathered in the previous section (Obtaining Information from the CAFR) to compute the following
Question:
Use the information gathered in the previous section (“Obtaining Information from the CAFR”) to compute the following financial indicators. Discuss briefly the meaning of each indicator.
Total revenues per resident.
Total expenditures per resident.
The current ratio.
The return on net assets (net position).
Total asset turnover.
Fixed asset turnover. (Sometimes fixed assets are listed as “long-term assets,”
“noncurrent assets,” or “capital assets.”)
Return on assets.
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Financial Management In The Public Sector Tools Applications And Cases
ISBN: 9780765636898
3rd Edition
Authors: Xiaohu Wang
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