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ST. JOHNS COUNTY, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUNDS SEPTEMBER 30, 2015 Business-type Activities t. Johns County Ponte Vedra Sold ASSETS Current assets 923.306 3093 284 5.133.860 629536 Equity in pooled cash and cash equivalents 6,391 551 2.881.802 93403 23.886 ,611,78 Accounts recelvable, net unit corrอction foe notes receivable Interest receivable Other assets Due from other funds Due from other government Inventon 81.485 50,921 114,855 38.728 488 219 42.651 1,170 1,180,324 Cash and cash equivalents 4,918,673 4,104,102 253.390 4640 87S 27 831 Total ourrent assets Capital assets: 00,752,0E6 54,395 2,821,851 49,645,275 6,742,632 46.788.727 26. 381 2019.934 20,794 856 1,140.339 727,127 8182 789 1324.104 3.359,789) Water and sewer systems Furnture and equipment 126,289,877 7,301,996) 6 238 307 Total non-current assets TOTAL ASSETS ,632,784 266,744 161 570 TOTAL DEFERRED OUTFLOWS OF RESOURCES 536.996 Accounts payable and acarued labilities Unit connection fee contract payable Esimated lablity for self insured losses Customer deposits Due to other funds Due to other goverrments Landfil closure and post-closure costs Revenue bonds and notes payable Interest payable State loan payable 2,276,718 187,877 253 390 7 979 1,043,620 323.553 2,655,340 1,018,281 1,610.000 911,376 191,870 14,108 50.607 20,101 Pension labities Total current liabilities Apcrued landtl closure and post-closure costs bonds and notes payable 14,324,282 7,846,729 054 265 4.692 347 State loan payable Capital lease payable Apcrued compensated absences Total long-term liabilities TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES TOTAL DEFERRED INFLOWS OF RESOURCES NET POSITION Net investment in capital assets 153.655 51,065 268 418 1,269,788 158 269 231,526,183 Debt service Renewal and replacement reserve 4,128,809 1,748,916 1,384,023 4.149 744 TOTAL NET POSITION The accompanving notes are an integral part of the financial statements

ST. JOHNS COUNTY, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUNDS SEPTEMBER 30, 2015 Business-type Activities t. Johns County Ponte Vedra Sold ASSETS Current assets 923.306 3093 284 5.133.860 629536 Equity in pooled cash and cash equivalents 6,391 551 2.881.802 93403 23.886 ,611,78 Accounts recelvable, net unit corrอction foe notes receivable Interest receivable Other assets Due from other funds Due from other government Inventon 81.485 50,921 114,855 38.728 488 219 42.651 1,170 1,180,324 Cash and cash equivalents 4,918,673 4,104,102 253.390 4640 87S 27 831 Total ourrent assets Capital assets: 00,752,0E6 54,395 2,821,851 49,645,275 6,742,632 46.788.727 26. 381 2019.934 20,794 856 1,140.339 727,127 8182 789 1324.104 3.359,789) Water and sewer systems Furnture and equipment 126,289,877 7,301,996) 6 238 307 Total non-current assets TOTAL ASSETS ,632,784 266,744 161 570 TOTAL DEFERRED OUTFLOWS OF RESOURCES 536.996 Accounts payable and acarued labilities Unit connection fee contract payable Esimated lablity for self insured losses Customer deposits Due to other funds Due to other goverrments Landfil closure and post-closure costs Revenue bonds and notes payable Interest payable State loan payable 2,276,718 187,877 253 390 7 979 1,043,620 323.553 2,655,340 1,018,281 1,610.000 911,376 191,870 14,108 50.607 20,101 Pension labities Total current liabilities Apcrued landtl closure and post-closure costs bonds and notes payable 14,324,282 7,846,729 054 265 4.692 347 State loan payable Capital lease payable Apcrued compensated absences Total long-term liabilities TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES TOTAL DEFERRED INFLOWS OF RESOURCES NET POSITION Net investment in capital assets 153.655 51,065 268 418 1,269,788 158 269 231,526,183 Debt service Renewal and replacement reserve 4,128,809 1,748,916 1,384,023 4.149 744 TOTAL NET POSITION The accompanving notes are an integral part of the financial statements

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question

Using the Balance Sheet in the St. Johns County, Florida 2015 CAFR calculate the following ratios for each of the five (5) funds shown and for the “Total Governmental Funds:”
a. Current Ratio
b. Net Working Capital
c. Debt Ratio 1
d. Debt Ratio 2
e. Unrestricted Net Assets Ratio
f. Response Ratio

ST. JOHNS COUNTY, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUNDS SEPTEMBER 30, 2015 Business-type Activities t. Johns County Ponte Vedra Sold ASSETS Current assets 923.306 3093 284 5.133.860 629536 Equity in pooled cash and cash equivalents 6,391 551 2.881.802 93403 23.886 ,611,78 Accounts recelvable, net unit corrอction foe notes receivable Interest receivable Other assets Due from other funds Due from other government Inventon 81.485 50,921 114,855 38.728 488 219 42.651 1,170 1,180,324 Cash and cash equivalents 4,918,673 4,104,102 253.390 4640 87S 27 831 Total ourrent assets Capital assets: 00,752,0E6 54,395 2,821,851 49,645,275 6,742,632 46.788.727 26. 381 2019.934 20,794 856 1,140.339 727,127 8182 789 1324.104 3.359,789) Water and sewer systems Furnture and equipment 126,289,877 7,301,996) 6 238 307 Total non-current assets TOTAL ASSETS ,632,784 266,744 161 570 TOTAL DEFERRED OUTFLOWS OF RESOURCES 536.996 Accounts payable and acarued labilities Unit connection fee contract payable Esimated lablity for self insured losses Customer deposits Due to other funds Due to other goverrments Landfil closure and post-closure costs Revenue bonds and notes payable Interest payable State loan payable 2,276,718 187,877 253 390 7 979 1,043,620 323.553 2,655,340 1,018,281 1,610.000 911,376 191,870 14,108 50.607 20,101 Pension labities Total current liabilities Apcrued landtl closure and post-closure costs bonds and notes payable 14,324,282 7,846,729 054 265 4.692 347 State loan payable Capital lease payable Apcrued compensated absences Total long-term liabilities TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES TOTAL DEFERRED INFLOWS OF RESOURCES NET POSITION Net investment in capital assets 153.655 51,065 268 418 1,269,788 158 269 231,526,183 Debt service Renewal and replacement reserve 4,128,809 1,748,916 1,384,023 4.149 744 TOTAL NET POSITION The accompanving notes are an integral part of the financial statements
Transcribed Image Text:ST. JOHNS COUNTY, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUNDS SEPTEMBER 30, 2015 Business-type Activities t. Johns County Ponte Vedra Sold ASSETS Current assets 923.306 3093 284 5.133.860 629536 Equity in pooled cash and cash equivalents 6,391 551 2.881.802 93403 23.886 ,611,78 Accounts recelvable, net unit corrอction foe notes receivable Interest receivable Other assets Due from other funds Due from other government Inventon 81.485 50,921 114,855 38.728 488 219 42.651 1,170 1,180,324 Cash and cash equivalents 4,918,673 4,104,102 253.390 4640 87S 27 831 Total ourrent assets Capital assets: 00,752,0E6 54,395 2,821,851 49,645,275 6,742,632 46.788.727 26. 381 2019.934 20,794 856 1,140.339 727,127 8182 789 1324.104 3.359,789) Water and sewer systems Furnture and equipment 126,289,877 7,301,996) 6 238 307 Total non-current assets TOTAL ASSETS ,632,784 266,744 161 570 TOTAL DEFERRED OUTFLOWS OF RESOURCES 536.996 Accounts payable and acarued labilities Unit connection fee contract payable Esimated lablity for self insured losses Customer deposits Due to other funds Due to other goverrments Landfil closure and post-closure costs Revenue bonds and notes payable Interest payable State loan payable 2,276,718 187,877 253 390 7 979 1,043,620 323.553 2,655,340 1,018,281 1,610.000 911,376 191,870 14,108 50.607 20,101 Pension labities Total current liabilities Apcrued landtl closure and post-closure costs bonds and notes payable 14,324,282 7,846,729 054 265 4.692 347 State loan payable Capital lease payable Apcrued compensated absences Total long-term liabilities TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES TOTAL DEFERRED INFLOWS OF RESOURCES NET POSITION Net investment in capital assets 153.655 51,065 268 418 1,269,788 158 269 231,526,183 Debt service Renewal and replacement reserve 4,128,809 1,748,916 1,384,023 4.149 744 TOTAL NET POSITION The accompanving notes are an integral part of the financial statements
Expert Solution
Step 1

Current Ratio = Current Assets / Current Liabilities

Net working capital = Current Assets - Current Liabilities

Quick Ratio = Current Assets less inventory / Current Liabilities

Step 2

Please see the table below:

  St John's CountyPonte VendraSolid Waste
Total Current AssetsA                78,564,866                9,862,326     18,925,372
[-] InventoryB                   1,180,324  
Current Assets less inventoryC = A - B                77,384,542                9,862,326     18,925,372
Current LiabilitiesD                   8,892,842                2,492,782       1,801,864
     
Current RatioA / D                             8.70  
     
Net Working CapitalA - D                68,491,700                7,369,544     17,123,508
     
Quick RatioC / D                             8.70                          3.96                10.50
Step 3

Debt Ratio 1 = Total long term liabilities / Total Assets

Debt Ratio 2 = Total Liabiities / Total Assets

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