ACCOUNTING F/GOVT+NONPROFIT CONNECT+>I
ACCOUNTING F/GOVT+NONPROFIT CONNECT+>I
17th Edition
ISBN: 9781308820217
Author: RECK
Publisher: Mcgraw-Hill/Create
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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