Comparative Ratios. The government-wide financial statements for the City of Arborland for a three-year period are presented on the following pages.
Additional information follows:
Population: Year 2017: 30,420, Year 2016: 28,291, Year 2015: 26,374.
Debt limit remained at $20,000,000 for each of the three years. Net cash from operations is generally 80 percent of total revenues each year.
Required
Which of the financial performance measures in Illustration 10-4 can be calculated for the City of Arborland based on the information that is provided?
Calculate those ratios identified in part a for FY 2017. Show your computations.