Prepare a vertical common-size statement. Use 1999 as the base. Include assessed value, net general...

Use Exhibit 13-3, City of Toledo, Ohio, Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt per Capita, Last 10 Fiscal Years.

Required

a. Prepare a vertical common-size statement. Use 1999 as the base. Include assessed value, net general bonded debt, and net bonded debt per capita.

b. Comment on significant items in the vertical common-size analysis.