ADM-626 - Public Budgeting and Financial Management Topic 6 - Budget Justifications Benchmark - Module 26 Summary: Using ratios to conduct financial...
This question has been answered
Question

ADM-626 - Public Budgeting and Financial ManagementBenchmark - Module 26Summary:Directions:

Topic 6 - Budget Justifications

Using ratios to conduct financial analysis must be done with care. One year's worth of data is worth little; establishing a trend line over a period of years is the most useful approach. Using ratio analysis, we can examine liquidity, solvency, intergenerational equity, and revenue diversification. All of these factors can come together to provide a picture of the fiscal health of a government entity.

Go to https://study.sagepub.com/chen2e to access the tables and data for Module 26. Using the information from the zip file answer the following prompts.

1.     Use the financial statements from Charlottesville, Virginia, to conduct your own analysis. The statement from the year 2013 is in Tables 26.2 and 26.3; the statement from 2012 is provided in Tables 26.6 and 26.7. Statements from two years are provided to allow a comparison between years.

Use the format in Table 26.6 and add an additional column for FY2012 so that the ratios can be compared side by side.


2.     City A's balance sheet is shown in Table 26.8. Calculate the following:

a.      current ratio

b.     working capital

c.      quick ratio

d.     the common-size ratios for cash, advance payments, receivables, and restricted assets.

3.     City B's balance sheet is shown in Table 26.9. Calculate the following:

a.      current ratio

b.     working capital

c.      quick ratio

d.     the common-size ratios for cash, advance payments, receivables, and restricted assets.


This benchmark assignment assesses the following programmatic competency: 2.2: Analyze a budget and balance the sources and uses of funds.

Answered by Expert Tutors

Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipis

lestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus
Step-by-step explanation

123.png


, dictum vitae odio. Donec al

consectetur adipiscing elit. Nam la

trices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec
1 Attachment
123.png
png
Overall rating 100%
Subject: Business
Get unstuck

443,685 students got unstuck by Course
Hero in the last week

step by step solutions

Our Expert Tutors provide step by step solutions to help you excel in your courses