Using Exhibit 14-1, prepare common size ratios for Smith City for its governmentalactivities.

Smith City Statement of Net Position As of June 30, 2014 Primary Govemment Governm Business-type Component Units Activities Activities Total Assets Current assets Cash and cash equivalents Investments Receivables, net Internal balances Inventories $8,198,980 7,361,774 15,560,754 212,755 5,200,266 2,829,603 11,588,438 8,983,192 219,638 225,504 45,203 11,633,641 11,509,923 2,526,731 (219,638) 176 58,588 39,018,494 8,301,212 Total current assets 29,215,753 9802.741 Noncurrent assets 8,886,765$ Restricted cash and cash equivalents Equity interest in joint venture Capital assets 8,886,765 1,612,279 1,612,279 24,390,22:3 200,597,835 274,505,596 Land and construction-in-progress Buildings, equipment, and 4,485,705 525,867 9,11141 infrastructure, net of depreciation Total n 101,486,421 $129,514,976 $105,972,126 115,774,867 25,895,483 $235,487,102 $26,421,350 34,722,562 Total Assets [A) Deferred Outflows of Resources Bj Liabilities $158,730,729 Current liabilities Accounts payable $ 5,276,980 $ 550,789 $ 5,827,770 $ 1,2,332 Current portion of long-term liabilies6465,200 3,098400 9,563,600998,647 11,742,180 3,649,190 15,391,37O 2,260,980 Total current liabilities Noncurrent liabilities Noncurrent portion of long-term 58,311,665 110449,256 194.28 liabilities 52.137.591 18.974.306 Total Liabilities CI Deferred inflows of Resources $ 70,053,845 55,786,78 125,840,625 21,235,285 1,004,919 Prepaid property taxes Total Deferred inflows of Resources [D Net Position Net investment in capital assets $1,004,919 27,238 1004,919 3 72,597,970 51,162,002 123,759,972 $11.134,474 es Transportation and new city hall Debt service Low income housing and industrial 7.459,016 2,153,780 7.459,016 3,170,178 1,016,397 redevelopment Other purposes 4,791,940 1,038,371 (369,112) 87,671,966 4,791,940 1,038,371 7,440,575 1,980,853 59,988,086 147,660,052 $13,460,039 7,809,687 Total Net Position [A + B-C-D!