Question: Explain the signi cance of each of the following ratios For

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

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