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

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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