Presented below are the computed amounts of ratios for the Village of Riverside example appearing in the chapter.

Required: a. Using the financial statements provided in Illustrations 2-5 through 2-11, compute ratios for the City of Salem. Assume the population of Salem is 52,000 and the fair value of property totals $970 million. b. For each ratio, indicate which of the two governments has a stronger financial position.

Round "Debt per Capita" answer to the nearest whole dollar and other answers to 2 decimal places.) Village of Riverside City of Salem Stronger Ratio 15% 11% (1)Financial Position (government-wide, governmental activities) (2) Financial Position (General Fund) (3Quick Ratio (government-wide, governmental activities) (4) Leverage (government-wide, primary government) (5Debt Service Coverage (enterprise funds) (6) Debt Service to Total Expenditures (governmental fund-basis) 7) Debt per Capita (government-wide, primary government) (8) Debt to Assessed Value of Property (government-wide, primary government) City of Salem City of Salem 2.32 0.11 2.7 times llage of Riverside llage of Riverside llage of Riverside llage of Riverside llage of Riverside llage of Riverside times 41% 468 4.68 % Round "Debt per Capita" answer to the nearest whole dollar and other answers to 2 decimal places.) Village of Riverside City of Salem Stronger Ratio 15% 11% (1)Financial Position (government-wide, governmental activities) (2) Financial Position (General Fund) (3Quick Ratio (government-wide, governmental activities) (4) Leverage (government-wide, primary government) (5Debt Service Coverage (enterprise funds) (6) Debt Service to Total Expenditures (governmental fund-basis) 7) Debt per Capita (government-wide, primary government) (8) Debt to Assessed Value of Property (government-wide, primary government) City of Salem City of Salem 2.32 0.11 2.7 times llage of Riverside llage of Riverside llage of Riverside llage of Riverside llage of Riverside llage of Riverside times 41% 468 4.68 %