Accounting For Governmental And Not For Profit Entities
Accounting For Governmental And Not For Profit Entities
17th Edition
ISBN: 9781308700441
Author: RECK
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
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Chapter 17, Problem 22EP

a-(1).

To determine

Compute the percentage of individual income taxes and withholdings to the total revenues of the federal government for the year ended September 30, 2013.

a-(2).

To determine

Compute the debt service ratio of the federal government for the year ended September 30, 2013.

b-(1).

To determine

Compute the inter-period equity of the federal government for the year ended September 30, 2013.

c-(1).

To determine

Compute the non-dedicated collections funds to total revenue ratio of the federal government for the year ended September 30, 2013.

c-(2).

To determine

Compute the quick ratio of the federal government for the year ended September 30, 2013.

c-(3).

To determine

Compute the capital asset condition of the federal government for the year ended September 30, 2013.

d.

To determine

Evaluate the financial condition of the federal government for the year 2013, based on the ratios computed in the previous requirements.

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