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Presented below are the computed amounts of ratios for the vilage of Riverside example appearing in the chapter. Required: a. Using the financial statements provided
Presented below are the computed amounts of ratios for the vilage of Riverside example appearing in the chapter. Required: a. Using the financial statements provided in lilustrotions.2.5. through 2411, compute ration for the Cify of Salem. Assume the population of Salem is 52,000 and the fair value of property totais $970 million. b. For each ratio, indicate which of the two governments has a stronger financial position. (Round "Debt per Coplte" aniwer to the nearest whole dolfar and other onswers to 2 declmal ploces.)
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