An article by Chancy, Mead and Schermann (2002) summarizes six government-wide ratios to measure fiscal distress and related financial risk factors of municipalities. One ratio provides an overall measure of financial position for the government. Two ratios provide measures of solvency. These ratios in comparison to the ratios measured for similar governments, combined with other useful information, provide a starting point for evaluating the overall financial condition of a governmental entity. Calculate the risk ratios for the city of New York for 2018.

(6) An article by Chancy, Mead and Schermann (2002) sum narizes six government-wide ratios to measure fiscal distress and related financial risk factors of municipalities. One atio provides an overall measure of financial position for the government. Two ratios provide measures of financial performance. A fourth ratio provides a measure of liquidity. Two final ratios provide measures of solvency. These ratios in comparison to the ratios measured for similar governments, combined with other useful information, provide a starting point for evaluating the overall financial condition of a governmental entity. The definitions and measurements of these ratios and factors are listed in the following table. Financial Ratios Measures of: Financial Position Calculation: Unrestricted Net Assets Expenses Change in Net Assets Total Net Assets General Revenues + Transfers Expenses Cash Current Investments+ Receivables Current Liabilities Financial Performance gunnerspon Liquidity Long-term Debt Assets Solvency: Change in Net Assets + Interest Expense Interest Expense (6) An article by Chancy, Mead and Schermann (2002) sum narizes six government-wide ratios to measure fiscal distress and related financial risk factors of municipalities. One atio provides an overall measure of financial position for the government. Two ratios provide measures of financial performance. A fourth ratio provides a measure of liquidity. Two final ratios provide measures of solvency. These ratios in comparison to the ratios measured for similar governments, combined with other useful information, provide a starting point for evaluating the overall financial condition of a governmental entity. The definitions and measurements of these ratios and factors are listed in the following table. Financial Ratios Measures of: Financial Position Calculation: Unrestricted Net Assets Expenses Change in Net Assets Total Net Assets General Revenues + Transfers Expenses Cash Current Investments+ Receivables Current Liabilities Financial Performance gunnerspon Liquidity Long-term Debt Assets Solvency: Change in Net Assets + Interest Expense Interest Expense