$15-10.$ Using Exhibit $13-1,$ prepare common size ratios for Smith City for its governmental activities.

$15-11.$ Using Exhibit $13-1,$ calculate current ratios for Smith City for governmental activities, business$-$type activities, total, and component units.

$15-12.$ Using Exhibit $13-1,$ calculate the solvency ratio of long$-$term debt to total net position for the governmental activities.

$15-13.$ Using Exhibit $13-2$ for the governmental activities of the primary government, calculate the interest coverage ratio, that is the change in net position $+$ interest $/$ interest.

Smith City Statement of Net Position as of June $30,2024$

Assets

Current assets $\backslash$table$[[$Equity interest in joint venture,$1,612,279,-,1,612,279,-],[$Capital assets$],[$Land and construction$-$in$-$progress,$19,904,518,4,485,705,24,390,223,525,867],[$Buildings$,$ equipment, and$],[$infrastructure$,$ net of depreciation,$99\_,111,415,101\_,486\_,421,200\_,597\_,835\_,25\_,895\_,483],[$Total noncurrent assets,$$129,514,976,$$$105,972,126,$$$235,487,102,$$$26,421,350],[$Total Assets A$,$$$158,730,729,$$$115,774,867,$$$274,505\_,596,$$$34,722,562],[$Deferred Outflows of Resources $[$B$],$$ $-,$$ $-,$$$\_,$$ $-],[$Liabilities$],[$Current liabilities$],[$Accounts payable,$$5,276,980,$$$550,789,$$$5,827,770,$$$1,262,332],[$Current portion of Iong$-$term liabilities,$6,465,200,3,098,400,9,563,600,998,647],[$Total current liabilities,$$11,742,180,$$$3,649,190,$$$15,391,370,$$$2,260,980]]$

Noncurrent liabilities

$\backslash$table$[[$Noncurrent portion of long$-$term liabilities,$58,311,665,52,137,591,110,449,256,18,974,306]]\backslash$table$[[$Noncurrent portion of long$-$term liabilities,$58,311,665,52,137,591,110,449,256,18,974,306],[$Total Liabilities $[$C$],$$$70,053\_,845,$$$55,786,781,$$$125,840,625,$$$21,235,285],[$Deferred Inflows of Resources$],[$Prepaid property taxes,$$1,004,919,$$$-,$$$1,004,919,$$$27,238],[$Total Deferred Inflows of Resources $[$D$],$$$1,004,919\_,$$$-,$$$1,004,919,$$$27,238\_],[$Net Position$],[$Net investment in capital assets,$$72,597,970,$$$51,162,002,$$$123,759,972,$$$11,134,474],[$Restricted for:$],[$Transportation and new city hall project,$7,459,016,-,7,459,016,-],[$Debt service,$2,153,780,1,016,397,3,170,178,-],[$Low income housing and industrial,,,,$-],[$redevelopment$,4,791,940,-,4,791,940,],[$Other purposes,$1,038,371,-,1,038,371,344,712],[$Unrestricted $($deficit$),(369,112),7,809,687,7,440,575,1,980,853]]\backslash$table$[[$redevelopment$,4,191,940,,4,191,940,],[$Other purposes,$1,038,371,-,1,038,371,344,712],[$Unrestricted $($deficit$),(369,112),7,809,687,7,440,575,1,980,853],[$Total Net Position A$+$B$-$C$-$D$,$$$87,671,966,$$$59,988\_,086\_,$$$147,660,052,$$$13,460,039]]$

Source: Based on Dean Michael Mead, "Figure $1$: Government$-$Wide Statement of Net Position," What You Should Know about Your Local Government's Finances: A Guide to Financis Note: Row and column totals may not equate due to rounding.