Explain the signicance of each of the following ratios. For each of the ratios indicate whether an
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1. Cash, short-term investments, and receivables/Current liabilities
2. Revenue from own sources/Median family income
3. Number of employees/Population
4. Property tax revenues/Total operating revenues
5. Nondiscretionary expenditures/Total expenditures
6. Unassigned general-fund balance/Total operating revenues
7. Intergovernmental revenues/Total operating revenues
8. Expenditures for public safety/Total expenditures
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Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
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