Help as soon as possible please! Thanks in advance! Based solely on the followin
ID: 2407719 • Letter: H
Question
Help as soon as possible please! Thanks in advance!
Based solely on the following facts (assuming zero inter-fund transactions):
Government
Fund A
Fund B
Fund C
Fund D
Total Assets
100
20
5
15
Revenues
100
100
20
40
Enterprise
Fund E
Fund F
Fund G
Fund H
Total Assets
100
39
30
50
Revenues
200
400
100
50
Assume the City wishes to exclude the most funds as possible from major fund presentation. Which ones could be excluded? Show your work.
Government
Fund A
Fund B
Fund C
Fund D
Total Assets
100
20
5
15
Revenues
100
100
20
40
Explanation / Answer
Fund A Fund B Fund C Fund D Fund E Fund F Fund G Fund H Total revenue R 100 100 20 40 200 400 100 50 Total Assets B 100 20 5 15 100 39 30 50 Asset Turnover R/B 1 5 4 2.67 2 10.3 3.3 1 The once that should be excluded is Fund A and Fund H as the turnover ratio is only 1 and fund E as the asset used is $100 higher amount. So I think it should be Fund A,H and E If any doubt please comment
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