Assemble the financial statements prepared for the City of Monroe. These financial statements will be in the solutions to Exercises 5–C, 6–C, 7–C, and 8–C. Assume a population of 32,000 and fair value of property in the amount of $275 million. Compute the following ratios, following the guidance used for the Village of Elizabeth in this chapter: (Please right click on the attached document and select open in new window. Then, download the template and enter the required values in the appropriate fields. Save your completed template to your computer and then upload it here by clicking “Browse.” Next, click “Save.”)(1) Financial Position – Governmental Activities.(2) Financial Position – General Fund.(3) Quick Ratio – Governmental Activities.(4) Leverage – Primary Government.(5) Debt Coverage – Enterprise Funds.(6) Debt Service to Total Expenditures.(7) Debt per Capital – Primary Government.(8) Debt to Assessed Value of Property – Primary Government.
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