Question

The state in which Elisa County (P14- 3) is located publishes certain financial analysis ratios for all counties within the state. To provide a reference group for assessing Elisa County’s financial analysis ratios, the median county ratios are listed here. Based on the reference group ratios, prepare a brief report assessing the implications of the financial analysis ratios computed for Elisa County in P14- 3.
Quick ratio............... 110%
Property tax receivable rate ........ 47%
Operating margin General Fund....... 2.4%
Aggregated funds ............. 2.3%
Budgetary cushion— General Fund ..... 12.0%
Debt service burden .............. 4.9%




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  • CreatedDecember 30, 2014
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