Match the following financial ratios that are based on comprehensive annual financial report (CAFR) information with the
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Match the following financial ratios that are based on comprehensive annual financial report (CAFR) information with the explanation for that ratio. Answer can be used once.
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Ratio 1. General fund balances/Operating revenues 2. (Cash + short-term investments)/Current liabilities 3. General obligation long-term debt/Assessed valuation 4. Capital outlay from operating funds/Operating expenditures 5. General bonded debt/Legal debt limit 6. Accumulated depreciation/Average cost of depreciable assets 7. Net revenues/Total expenses 8. Non-tax revenues/Total revenues 9. Total liabilities/Total assets 10. Current assets/Current liabilities Explanation for Ratio a. An indicator of interperiod equity. b. An indicator of the government's commitment to replacement of capital assets. c. A indicator of the government's reliance on revenues it does not directly control. d. A measure of the degree to which government assets have been funded with debt. e. An indicator of the government's ability to pay its 60 to 90-day obligations. f. An measure of the government's capacity to issue debt. g. A measure of capital asset useful service life. h. A measure of the government's liquidity. i. An indicator of taxpayer debt burden. j. An indicator of the government's ability to withstand financial emergencies. Ratio 1. General fund balances/Operating revenues 2. (Cash + short-term investments)/Current liabilities 3. General obligation long-term debt/Assessed valuation 4. Capital outlay from operating funds/Operating expenditures 5. General bonded debt/Legal debt limit 6. Accumulated depreciation/Average cost of depreciable assets 7. Net revenues/Total expenses 8. Non-tax revenues/Total revenues 9. Total liabilities/Total assets 10. Current assets/Current liabilities Explanation for Ratio a. An indicator of interperiod equity. b. An indicator of the government's commitment to replacement of capital assets. c. A indicator of the government's reliance on revenues it does not directly control. d. A measure of the degree to which government assets have been funded with debt. e. An indicator of the government's ability to pay its 60 to 90-day obligations. f. An measure of the government's capacity to issue debt. g. A measure of capital asset useful service life. h. A measure of the government's liquidity. i. An indicator of taxpayer debt burden. j. An indicator of the government's ability to withstand financial emergencies.
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