
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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

Transcribed Image Text:ST. JOHNS COUNTY, FLORIDA
BALANCE SHEET - GOVERNMENTAL FUNDS
September 30, 2015
St. Johns County
Community
TransportationRedevelopment Governmental
Other
Total
General
Govemmental
ASSETS
Trust
Funds
Funds
Equity in pooled cash and cash equivalents
Investments
Accounts and notes receivable (net of
allowance for uncollectibles)
Notes receivable
$ 25,564,656 $2,304,434 S
20,804 30,711,687 58,601,581
107,463,868
25,357,773
31,198,759
50,907,336
1,105,035
448,450
60,773
2,434,739
2,002,123
1,959,864
308,617
804,737
300,000
748,450
receivable
Advances to other funds
Due from other funds
Due from other governments
Inv
Other assets
65,899
287,030
47,659
2,484,320
2,204,662
3,340,936
136,640
1,094,042
260,489
11,786
319,337
177,893,293
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
LIABILITIES
$59,193,902 $35,379,267 $
20,804 S83,299,320
Accounts payable and
accrued liabilities
Customer deposits
Advances from other funds
Due to other funds
Due to other governments
Interest payable
$ 5,278,481 $2,643,117
75,000
3,378 3,771,189 11,696,165
490,115
2,484,320
2,997,718
2,067,079
409,984
2,484,320
95,261
663,102
609,967
1,971,728
94,565
90
178,944
8,449,104
revenue
842,046
TOTAL LIABILITIES
2,812,772
3,378
9,312,189
20,577,443
FUND BALANCES
Nonspendable
Restricted
Committed
2,883,189
290,808
347,659
67,183,188
67,486,832
ned
32,291,596
8,751,261
41,047,447
Unassigned
TOTAL FUND BALANCES
TOTAL LIABILITIES AND FUND BALANCES
47,570,801
50,744,798
59,193,90235,379.267 S
45,050,463
157,315,850
20,804S83,299.320177,893,293
520,338)
32,566,495
73,987,131
The accompanying notes are an integral part of the financial statements.
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