The government-wide financial statements for the City of Arborland
The government-wide financial statements for the City of Arborland for a three-year period are presented. Additional information follows:Population: Year 2023: 28,420, Year 2022: 28,291, Year 2021: 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. Calculate those ratios identified…