Exam 14: Analysis of Financial Statements and Financial Condition

The Government Finance Officers Association recommends general-purpose government's have a financial policy to maintain the General Fund's unrestricted fund balance at:

If a government derives a large portion of its tax revenues from economy-sensitive taxes,the size of which of the following ratios would be of most concern to a financial analyst?

Which of the following ratios is a good measure of the liquidity of a city's resources?

(Assessment of a hospital's accounts receivable collection efficiency) Assess Plains Regional Hospital's accounts receivable collection efficiency based on the following set of facts: a.Days' revenue in patient accounts receivable at December 31,2012,for Plains Regional Hospital - 76 days b.Extracts from Plains Regional Hospital's calendar year 2013 financial statements: Net patient accounts receivable,$16.4 million Net patient service revenue,$75 million c.Days' revenue in patient accounts receivable at December 31,2013 for hospitals of comparable size - 65 days

A tobacco company agrees to pay a state $1 billion a year over the next ten years to settle the state's claim that the tobacco had harmed the health of its citizens.The state "sells" the future revenue stream to a consortium of banks for the present value of the $10 million,and deposits the cash in its General Fund.How should the financial condition analyst view this financial arrangement?

A village's legal debt limit is $20 million.Its outstanding general obligation debt is $9 million.The full value of its real property is $520 million,which includes $40 million of property that is exempt from taxation.What is the village's debt burden?

What is the major purpose of the statement of net position from a financial analysis perspective?