calculate and then make an assessment based on the liquidity indicators (quick ratio and number of days cash on hand) for a small village in new york state based on the following facts, drawn from the village's 2017 general fund financial statements and from the states fiscal stress monitoring system.

Calculate and then make an assessment based on the liquidity indicators (quick ratio and number of days' cash on hand) for a small village in New York State based on the following facts, drawn from the village's 2017 General Fund financial statements and from the State's Fiscal Stress Monitoring System. a. Balance sheet data: Cash and equivalents - $4,730,000; Short-term investments $971,000; Current liabilities - $1,898,000 b. Statement of revenues, expenditures, and changes in fund balance data: Total expenditures - $15,524,000; Transfers out - $2,972,000 c. Assessment criteria: New York State's Fiscal Monitoring System assigns negative points in its rating scheme unless the government's quick ratio is greater than 100 percent and its cash and investments on hand covers at least 45 days of expenditures