Explain the significance of each of the following ratios. For each of the ratios indicate whether an increase can be interpreted as a sign of (1) increasing or (2) decreasing fiscal strength. Where appropriate, show how an increase in the ratio can be interpreted as a sign of either. Explain and justify your response.
1. Cash, short-term investments, and receivables/Current liabilities
2. Revenue from own sources/Median family income
3. Number of employees/Population
4. Property tax revenues/Total operating revenues
5. Nondiscretionary expenditures/Total expenditures
6. Unassigned general-fund balance/Total operating revenues
7. Intergovernmental revenues/Total operating revenues
8. Expenditures for public safety/Total expenditures

  • CreatedAugust 13, 2014
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