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 Mustrations 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.) Villago of Riverside 10% 11% City of Salem % % 232 (1) Financial Position (government wide, governmental activities) (2) Financial Position (General Fund) (3) Quick Ratio (government-wide, governmental activities) (4) Leverage (government-wide primary government) (5) Debt 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) 0.11 25 times 4 % 468 4.68% Stronger Ratio City of Salem City of Salem Village of Riverside Village of Riverside Village of Riverside Village of Riverside Village of Riverside Village of Riverside times % $