Question: Please help with the below entries and please provide a step by step answer in how you obtained the answers. Calculate those ratios identified in
Please help with the below entries and please provide a step by step answer in how you obtained the answers.
Calculate those ratios identified in part a for FY 2023. Show your computations. (Round your answers to the nearest whole dollar amount. Enter your answer in thousands except for Bonded debt per Capita, Available Legal Debt Limit, and Property Taxes per Capita whose values should be entered in dollars and not in thousands. Use ending values if the averages are not available. Use Property tax revenues instead of Property tax levy in your computation.)
The government-wide financial statements for the City of Arborland for a three-year period are presented.





- Calculate those ratios identified in part a for FY 2023. Show your computations. (Round your answers to the nearest whole dollar amount. Enter your answer in thousands except for Bonded debt per Capita, Available Legal Debt Limit, and Property Taxes per Capita whose values should be entered in dollars and not in thousands. Use ending values if the averages are not available. Use Property tax revenues instead of Property tax levy in your computation.)



CITY OF ARBORLAND Statement of Activities For the Year Ended December 31, 2022 (in thousands) Net (Expense) Revenue and Program Revenues Changes in Net Position General Revenues: Property taxes Grants and contributions not restricted to specific programs Investment earnings Special item-gain on sale of land Total general revenues and special items Change in net position Net position-January 1 Net position-December 31 Additional information follows: Population: Year 2023: 30,490, Year 2022: 28,361, Year 2021: 26,444. Debt limit remained at $20,350,000 for each of the three years. Net cash from operations is generally 80 percent of total revenues each year
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