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Question Set 3 - 1 . Using Exhibit 1 3 - 1 Smith City Government - Wide Statement of Net Position ( pp . 4

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Question Set 3-1. Using Exhibit 13-1 Smith City Government-Wide Statement of Net Position (pp.472-473), calculate the following ratios (Show how you calculate each ratio). Also, interpret each ratio you have calculated (In other words, explain what each ratio means).
(1) Current ratio for the governmental activities.
(2) Quick ratio for the governmental activities.
(3) Debt to equity ratio for the governmental activities.
(4) Debt to assets ratio for the governmental activities.
(2) Days of Cash on Hand in 2023
(3) Evaluate the Centers financial status in terms of comparative data on Days of Cash on Hand.
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