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# Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 342 / 352

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1.

You have the following data for a city in the southwest. Calculate the quick ratio. Is this ratio favorable or unfavorable?

Current Liabilities\$28 million

Cash\$27 million

Investments (current)\$36 million

Accounts Receivables\$12 million

Due from other funds\$2.5 million

2.

You have the following information about a mid-west city. Calculate the ratios of fund balance to revenues and determine if they are favorable or unfavorable.

General Fund\$62 million

Unreserved Fund\$54 million

General Fund Revenues\$401 million

3.

You determine the following data about a local government in the southeast. Determine the ratios of unreserved fund balance and reserved fund balance to total revenues. Are these ratios favorable?

Revenues from Property Taxes\$36 million

Unreserved Fund Balance\$5 million

Reserved Fund Balance\$3.5 million

4.

Assume the following facts about a local government. Determine the Tax Limit Exhausted and the Debt Limit Exhausted ratios.

Tax Limit\$11 million

Debt Limit\$13 million

Tax Levy\$8.5 million

Total Debt subject to Limit\$9 million

5.

Assume that Debt Service Expenditures is \$16.2 million and Total Revenues is \$70.1 million. Calculate the Debt Service/total revenue ratio. Is the ratio favorable?

Some Exercises

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