In Order to Compute the Operating Ratio-Enterprise Funds,one Would Look

question 7

Multiple Choice

In order to compute the operating ratio-enterprise funds,one would look in the CAFR in which of the following sections?

• A) In the government-wide Statement of Net Assets.
• B) In the proprietary funds Statement of Net Assets.
• C) In the proprietary funds Statement of Revenues, Expenses, and Changes in Net Assets.
• D) In the proprietary funds Statement of Cash Flows.

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Definitions:

Cumulative Profit

The total amount of profit or loss generated over a specific period of time, taking into account all revenues and expenses up to that point.

Probability

A statistical measure representing the chance or likelihood that a particular event will happen, expressed as a fraction or percentage.

NPV Value

Net Present Value, a calculation used in finance to determine the value of a series of future cash flows projected to be received or paid, adjusted for the time value of money.

Probability

A scale from 0 to 1 used to quantify the likelihood of an event's occurrence.