What are the three (3) most important pieces of information from the Management Discussion & Analysis (MD&A) section regarding Riversides fiscal condition?
What are the three (3) most important pieces of information from the Management Discussion & Analysis (MD&A) section regarding Riversides fiscal condition?
Calculate the following ratios:
Current Assets / Current Liabilities (Statement of Net Position)
Cash / Total Assets (Statement of Net Position)
Total Cash % change
Total debt service (Statement of Net Position) / Total Revenues (Statement of revenues, expenditures and changes in fund balances)
Long-term liabilities (non-current) (Statement of Net Position) / Total assets
Long-term liabilities (non-current) (Statement of Net Position) / population
What do the ratios tell us about Riverside?
What other ratios do you believe are important to assess the financial condition of Riverside?
