Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

b. Using the annual financial statements, calculate the following performance measures. Complete this question by entering your answers in the tabs below. 60 points Required

image text in transcribedimage text in transcribedimage text in transcribed
b. Using the annual financial statements, calculate the following performance measures. Complete this question by entering your answers in the tabs below. 60 points Required A Required B eBook _ Using the annual financial statements, calculate the following performance measures. (Round your answers to two decimal PW\" places and the Going Concern ratio to three decimal places.) References Current Liabilities Check my Going Concern Choose Numerator Choose Denominator Ratio Revenue over expenses Total Expenses 60 = NaN points Program Effectiveness eBook Choose Numerator Choose Denominator Ratio Print Program Expenses Total Expenses : NaN References Fund-raising Efficiency Choose Numerator Choose Denominator E Ratio Fund-Raising Expenses Public Support TTTTT NaN FEEDING AMERICA Statements of Financial Position June 30, 2019 and 2018 (In thousands) 2019 2018 Assets Current assets Cash 70,500 $5,365 Short-term investments 3,636 3,533 Contributions receivable, net 22,506 20,510 Accounts receivable, net 6,592 7,836 Notes receivable, net 213 Other assets 769 1,258 Total current assets 104,216 98,502 Long-term investments 39,84 34,529 Contributions receivable, net 6.605 7,529 Notes receivable, net 136 495 Other assets 93 93 Furniture, software, and equipment, net 6.077 7678 Total assets $156,975 $148,82 Liabilities and Net Assets Current liabilities Accounts payable and accrued expenses $ 12,189 11,673 Deferred revenue 2,982 2,609 Other obligations 116 104 Current portion of leases payable 514 492 Total current liabilities 15,801 14,878 Leases payable, less current portion 2,053 2,567 Other obligations 809 736 Total liabilities 18 663 18181 Net assets: Without donor restrictions Undesignated 8,478 9,378 Board designated 35,336 30,272 With donor restrictions 94,498 90,995 Total net assets 38,312 130,645 Total liabilities and net assets $ 156,975 148.82 FEEDING AMERICA Statements of Activities Years ended June 30, 2019 and 2018 (In thousands) 2019 2018 Without Donor Restrictions |With Donor Restrictions Total Without Donor Restriction With Donor Restrictions Total Operating activities: Public support and revenue: Public support ndividual contributions $ 49,872 2,404 52,276 50,235 17,883 68,118 Corporate contributions 34.132 20,483 54,615 32,895 11,837 44.732 Foundations 1,496 2,868 4,364 2,616 753 3,369 Corporate promotions 15.651 34,042 49.693 30.698 16.375 47.073 otal fundraising 101,15 59.797 160,948 116,444 46.848 163,292 Donated goods and services 2.643,647 2,643,647 2,637.558 2,637.558 Total public support 2,744,798 59,797 2,804,595 2,754,002 46,848 2,800,850 Revenue Member fees 5,381 5,381 5,24 5,241 Conference fees 1,160 1,160 1,662 1 1,662 Other revenue 1,496 1 ,496 662 662 Food procurement revenue 62,816 - 52,81 70,889 70,889 Investment income 835 835 344 344 Net assets released from restrictions 56.116 56,116 50150 (50150) Total public support and revenue 2.872 502 3.68 2,876.283 2,882,950 (3.302 2879.648 Expenses Program services: Member services 70.054 70,054 70,967 70,967 Food procurement 2,745,264 2,745,264 2,753,823 2,753,823 Public awareness and education 6,561 - 6,561 6,695 6,695 Policy and advocacy 2,834 - 2,834 2,526 2,526 Programs 4,494 4,494 4,380 4,380 Research and analysis 3,595 3.595 3.476 3.476 Total program services 2.832.802 2,832.802 2,841 867 2 841 867 Supporting services: Management and general 9,931 - 9,931 11,967 11,987 Fund development 29,160 29160 27 079 27079 Total supporting services 39.091 - 39.091 39,066 -= 39,066 Total expense 2.871,893 - 2871893 2,880,933 2,880,933 Change in net assets before nonoperating activities 709 3.681 4,390 2,017 ( 3,302 ) (1,285) Nonoperating activities Wills and bequests 1,852 44 1,896 1,412 1,412 Individual contributions 20 20 20 20 Investment returns 1,820 158 1,978 1,252 121 1,373 Other _(217 _(400) _(617) (237 362 125 3.455 _(178 3,277 2 427 503 2.930 Changes in net assets 4164 3,503 7,667 4.444 (2,799 ) 1645 Net assets at beginning of year 39.650 90,995 130.645 35,206 93.794 129.000 Net assets at end of year $ 43.814 94,498 138,312 39.650 90,995 130,645FEEDING AMERICA Statements of Financial Position June 30, 2019 and 2018 (In thousands) 2019 2018 Assets Current assets Cash 70,500 $5,365 Short-term investments 3,636 3,533 Contributions receivable, net 22,506 20,510 Accounts receivable, net 6,592 7,836 Notes receivable, net 213 Other assets 769 1,258 Total current assets 104,216 98,502 Long-term investments 39,84 34,529 Contributions receivable, net 6.605 7,529 Notes receivable, net 136 495 Other assets 93 93 Furniture, software, and equipment, net 6.077 7678 Total assets $156,975 $148,82 Liabilities and Net Assets Current liabilities Accounts payable and accrued expenses $ 12,189 11,673 Deferred revenue 2,982 2,609 Other obligations 116 104 Current portion of leases payable 514 492 Total current liabilities 15,801 14,878 Leases payable, less current portion 2,053 2,567 Other obligations 809 736 Total liabilities 18 663 18181 Net assets: Without donor restrictions Undesignated 8,478 9,378 Board designated 35,336 30,272 With donor restrictions 94,498 90,995 Total net assets 38,312 130,645 Total liabilities and net assets $ 156,975 148.82 FEEDING AMERICA Statements of Activities Years ended June 30, 2019 and 2018 (In thousands) 2019 2018 Without Donor Restrictions |With Donor Restrictions Total Without Donor Restriction With Donor Restrictions Total Operating activities: Public support and revenue: Public support ndividual contributions $ 49,872 2,404 52,276 50,235 17,883 68,118 Corporate contributions 34.132 20,483 54,615 32,895 11,837 44.732 Foundations 1,496 2,868 4,364 2,616 753 3,369 Corporate promotions 15.651 34,042 49.693 30.698 16.375 47.073 otal fundraising 101,15 59.797 160,948 116,444 46.848 163,292 Donated goods and services 2.643,647 2,643,647 2,637.558 2,637.558 Total public support 2,744,798 59,797 2,804,595 2,754,002 46,848 2,800,850 Revenue Member fees 5,381 5,381 5,24 5,241 Conference fees 1,160 1,160 1,662 1 1,662 Other revenue 1,496 1 ,496 662 662 Food procurement revenue 62,816 - 52,81 70,889 70,889 Investment income 835 835 344 344 Net assets released from restrictions 56.116 56,116 50150 (50150) Total public support and revenue 2.872 502 3.68 2,876.283 2,882,950 (3.302 2879.648 Expenses Program services: Member services 70.054 70,054 70,967 70,967 Food procurement 2,745,264 2,745,264 2,753,823 2,753,823 Public awareness and education 6,561 - 6,561 6,695 6,695 Policy and advocacy 2,834 - 2,834 2,526 2,526 Programs 4,494 4,494 4,380 4,380 Research and analysis 3,595 3.595 3.476 3.476 Total program services 2.832.802 2,832.802 2,841 867 2 841 867 Supporting services: Management and general 9,931 - 9,931 11,967 11,987 Fund development 29,160 29160 27 079 27079 Total supporting services 39.091 - 39.091 39,066 -= 39,066 Total expense 2.871,893 - 2871893 2,880,933 2,880,933 Change in net assets before nonoperating activities 709 3.681 4,390 2,017 ( 3,302 ) (1,285) Nonoperating activities Wills and bequests 1,852 44 1,896 1,412 1,412 Individual contributions 20 20 20 20 Investment returns 1,820 158 1,978 1,252 121 1,373 Other _(217 _(400) _(617) (237 362 125 3.455 _(178 3,277 2 427 503 2.930 Changes in net assets 4164 3,503 7,667 4.444 (2,799 ) 1645 Net assets at beginning of year 39.650 90,995 130.645 35,206 93.794 129.000 Net assets at end of year $ 43.814 94,498 138,312 39.650 90,995 130,645

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bookkeeping All In One For Dummies

Authors: Consumer Dummies

1st Edition

1119094216, 978-1119094210

More Books

Students also viewed these Accounting questions

Question

4. Similarity (representativeness).

Answered: 1 week ago