Refer to the nancial statements of the Lance Arm-strong Foundation presented in Table 128. 1. Did the

Refer to the financial statements of the Lance Arm-strong Foundation presented in Table 12–8.
1. Did the foundation exert a greater fiscal effort on fund-raising in 2011 than it did in 2010?
2. Did it direct more of its revenues toward mission oriented programs rather than to administrative or fundraising activities?
3. Based on the guidelines set forth in this chapter, did the foundation spend excessively on fund-raising or administration?