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The complexity and uniqueness of the federal government make it difficult to conduct a meaningful analysis of its financial condition. However, conducting a financial statement

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The complexity and uniqueness of the federal government 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 government. To assist in the financial statement analysis, use llustration 17-2 and lllustration 17-3, along with the following excerpts from the 2019 Financial Report of the United States Government. (Hint: When using revenues or net costs, use the consolidated amounts, which are adjusted for intraentity activity.) Required a. To provide an indication of the government's financial capability, answer the following: (1) What percentage of total revenues comes from indlyidual 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? Required a. To provide an indication of the government's financlal capablity, answer the following: (1) What percentage of total revenues comes from individual income taxes and withholdings? (2) What is the debt service as colculated by the ratio of principal and interest payments on debt held by the public to total revenue? b. 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: (7) What is the ratio of nondedicated collections funds to total revenue? (2) What is the quick ratio (use known current liablities in the colculation)? (3) What is the capital asset condition as calculated by the ratio of accumulated depreciation to the cost of depreciable capital assets? Complete this question by entering your answers in the tabs below. a. To provide an indication of the government'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 pubic to total revenue? (Do not round intermed ate calculations. Pound percentege answers to 1 decmal place.) a. To provide an indication of the government'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? b. 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 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 depreciable capital assets? Complete this question by entering your answers in the tabs below. b. To provide an indication of the government's financlal 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 liabilities in the calculation)? (3) What is the capital asset condition as calculated by the ratio of accumulated depreciation to the cost of depreciable capita assets? Complete this question by entering your answers in the tabs below. 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 depreciable capital assets? (Do not round intermediate calculations. Round final answers to 2 decimal places.)

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