The complexity and uniqueness of the federal govemment make it difficult to conduct a meaningful analysis of its financial condition. However, conducting a financial statement analysis does provide a better understanding of the federal governinent. To assist in the inancial statement analysis, use llustration 172 and lllustration 173 along with the following excerpts from the 2019 Financlal Report of the Unhted States Govermment (Hint When using revenues or net costs, use the consolidated amounts, which are adjusted for intra- Cash flow from non-budget activities related to loan financing account activity Loan disbursenents/default payments Fees Principal \& interest repayments other collections on defaulted loans receivable and sale of foreclosed property other loan financing account activities Subtotal - cash flow fron non-budget activities related to loan financing account activity Cash flow from financing federal debt securities Borrowings Repayents Discount/prenium Subcotal - cash flow from financing federal debt securities Total cash flow from activities not included in the budget other Total other Change in cash and other monetary assets balance Beginning cash and other aonetary assets balance Ending cash and other monetary assets balance To provide an indication of the government's flnancial capability, answer the following: (1) What percentage of total revenues comes from individual income taxes and withholdings? (2) What is the debt service as calculated by the ratio of principal and interest payments on debt heid by the public to total revenue? To provide an indication of the government's financial performance. answer the following: (1) What is interperiod equity, as calculated by the ratio of revenue to net costs? c. To provide an indication of the government's financial position, answer the following: (1) What is the ratio of nondedicoted collections funds to total revenue? (2) What is the quick ratio (use known current liabilities in the colculation)? (3) What is the copital asset condition as calculated by the ratio of accums (1) What is interperiod equity, as calculated by the ratio of revenue to net costs? c. To provide an indication of the government's financial position, answer the following: (1) What is the ratio of nondedicated collections funds to total revenue? (2) What is the quick ratio (use known current liabilities in the calculation)? (3) What is the capital asset condition as calculated by the ratio of accumulated depreciation to the cost of depreciab assets? Complete this questlon by entering your answers In the tabs below. a. To provide an indication of the govemment's financial capability, answer the following: (1) What percentage of total revenues comes from individual income taxes and withholdings? (2) What is the debt service as calculated by the ratio of principal and interest payments on debt held by the public to total revenue? (Do not round intermediate calculations. Round percentage answers to 1 decimal place.) c. To provide an indication of the government's financial position, answer the following: (1) What is the ratio of nondedicated collections funds to total revenue? (2) What is the quick ratio (use known current liabilities in the calculation)? (3) What is the capital asset condition as calculated by the ratio of accumulated depreciation assets? Complete this question by entering your answers in the tabs below. b. To provide an indication of the govemment's financial performance, answer the following: (1) What is interperiod equity, as calculated by the ratio of revenue to net costs? (Do not round intermediate calculations. Round percentage answer to 1 decimal place.) c. To provide an indication of the government's financial position, answer the following: (1) What is the ratio of nondedicated collections funds to total revenue? (2) What is the quick ratio (use known current liablitites in the calculation)? (3) What is the capital asset condition as calculated by the ratio of accumulated depreciation to the cost of depreci assets? Complete this question by entering your answers in the tabs below. c. To provide an indication of the govemment's finandal position, answer the following: (1) What is the ratio of nondedicated collections funds to total revenue? (2) What is the quick ratio (use kJown current liabilities in the calculation)? (3) What is the capital asset cone Gion as calculated by the ratio of accumulated depreciation to the cost of depreciable capital assets? (Do not round intermediate calculations. Round final answers to 2 decimal places.)
