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Chapter 13 – financial statement analysis

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Chapter 13 – Financial Statement Analysis

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Assemble the financial statements prepared for the City of Monroe. These financial statements will be in the solutions to Exercises 5–C, 6–C, 7–C, and 8–C. Assume a population of 30,000 and fair value of property in the amount of $350 million. Compute the following ratios, following the guidance used for the Village of Elizabeth in this chapter:

(1) Financial Position – Governmental Activities

(2) Financial Position – General Fund.

(3) Quick Ration – Governmental Activities

(4) Leverage – Primary Government

(5) Debt Coverage – Enterprise Funds

(6) Debt Service to Total Expenditures

(7) Debt per Capital – Primary Government

(8) Debt to Assessed Value of Property – Primary Government

I’m attaching the complete assignment but need Chapter 13 completed. I’m also attaching answers for 7-C and 8-C

*Other notes that will explain 2 of the screenshot images

CHAPTER 13 “FINANCIAL RATIOS” OF THE CAPSTONE CONTINUOUS PROBLEM FOR THE CITY OF MONROE IS ACTUALLY BASED UPON CHAPTER 13 IN THE TEXTBOOK.  THE DESCRIPTION OF THE PROBLEM MAKES REFERENCE TO THE “VILLAGE OF ELIZABETH” THAT WAS DESCRIBED IN THE 12TH EDITION OF THE TEXTBOOK.  IT SHOULD READ THE “VILLAGE OF RIVERSIDE” THAT IS DESCRIBED IN THE CURRENT 13TH EDITION OF THE TEXTBOOK ON PAGE 389.

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