che one for profiter und rew from the team Contacte support este pro promote appreciation for independent, but he Decutive Directia provide an helpen Refer to the rest of Position Activities for the yearst December 2001 2000 1 When looking at the Current Pet section of the Stone Poten what and out to you? 2. How much at UFC nett we door restrictions were datorrents 2017 Where the found in the Postion and Statement of the 3. Calcule the probioti, dindin.fo 2012 ante between the two years, why do you think 4. LFC's total expenses grew significantly from 2020 to 2021, while its total revenue and other support declined significantly Answer the following questions using the theater's Statements of Activities: a Excluding interest/investment income and the one-time sale of tax credits, which three revenue or support categories declined the most from 2020 to 2021? t. Which expense category grew the most? 5. Calculate UFC's program expense ratio for 2021 and 2020. s LC's program services ratio for 2021 higher than the commonly accepted benchmark? What is the reason for the difference between 2021 and 20207 6. Given your answers to question 4 and 5 above, would you recommend that UFC reallocate some of its spending from program services to fund raising or general administration in 2022? Why or why not? 7. Now that recevabiles constitute a much larger proportion of LFC's assets than in the past, the Brecutive Director has asked you to calculate the Days In Receivables ratio for 2021 .. Which revenue items will you exclude from the ratio? Why? b. What is LIC's Days in receivables ratio for 2021? Is it favorable or unfavorable? Why? 8. Calculate the current ratio and total debt liabilities to net assets ratio for LFC for 2021 and 2020. Are these trends favorable or unfavorable? Which presents the greater area of concern for 2021, and why? 9. Calculate the days of cash on hand ratio for LFC for 2021 and 2020. Assume that there are no marketable securities or bad debt expense. The depreciation expense for each year was 5624,356 for 2021 and $107 900 for 2020. Is the trend favorable or unfavorable? Why? 10. Given your answers to the questions above and an overall review of Uses financial statements, would you characterize LFC's financial position as weak, neutral, or strong? Why? EXHIBIT #1 Leprechaun Film Center Statements of Financial Position December 31, 2021 and 2020 2021 2020 ASSETS Current Assets Cash and Cash Equivalents Grants Receivable Other Receivables Inventory Prepaid Expenses Total Current Asset 75,505 562.696 36.173 50,400 11.55 736.000 1942 7.58 17.024 59.500 0.653 Long Term Assets Pledges Receivable 1 year Deposits Property and Equipment, net Total Long Tenn Assets 264514 1,510 9,336612 9.6027696 4 7910 9.274 516 9,775056 Total Assets 10.339.0985 10.134705 113.240 111.775 LIABILITIES AND NET ASSETS Current Liabilities Accounts Payable Accred Expenses Deferred Revenue Line of Credit (Loan) Current Portion of capital lense obligation Total Current Liabilities 108.2145 109,014 31,186 960510 51.100 1.260.054 100.000 48.394 373,410 36,596 88,658 Long Term Liabilities Capital Lease Obligations less current portion S 1.296,650S 362045 Total Llabilities Net Assets Without Donor Restrictions With Donor Restrictions Total Net Assets 8.777.934 264.514 9,042,448 9.184,130 538 530 9.722.666 S 10.339.098 5 10.184.70 Total Liabilities and Net Assets EXHIRIT 12 Leprechaun Film Center Statements of Activities Years Ended December 31, 2021 and 2020 Without Decor Restrict 2001 2020 5 REVENUE AND SUPPORT ** Theatris * Concession and cafe sales * Memberships The real sales Special Events Other Program Interested in me Sale of Tax Credits Grants Contributions Total Revenue and Suppo 414.ES 1.522426 119.654 INO 47.710 0.006 78.640 196.23 61,350 58,414 140,616 45.726 56656 1,114,002 3,016.550 1.12.12 6,167.354 101.7 36.104 37626.690 Nest nec sed mic 274,016 1.826.57% 5 3950.7065 7,99.92 Total Revend Support EXPENSES Program Services General Administration Fund Raising Total Expo $ 3.6.40.534 455.436 360132 4056902 1.378,472 407.244 10334 ZO.LOS (406.196) 5.905 832 Change in Net Assets Net Assets Beginning of Year NetAssets End of Year 9.134,130 3.228298 5 3.777.9345 9.184134 - These items represent all cash sales che one for profiter und rew from the team Contacte support este pro promote appreciation for independent, but he Decutive Directia provide an helpen Refer to the rest of Position Activities for the yearst December 2001 2000 1 When looking at the Current Pet section of the Stone Poten what and out to you? 2. How much at UFC nett we door restrictions were datorrents 2017 Where the found in the Postion and Statement of the 3. Calcule the probioti, dindin.fo 2012 ante between the two years, why do you think 4. LFC's total expenses grew significantly from 2020 to 2021, while its total revenue and other support declined significantly Answer the following questions using the theater's Statements of Activities: a Excluding interest/investment income and the one-time sale of tax credits, which three revenue or support categories declined the most from 2020 to 2021? t. Which expense category grew the most? 5. Calculate UFC's program expense ratio for 2021 and 2020. s LC's program services ratio for 2021 higher than the commonly accepted benchmark? What is the reason for the difference between 2021 and 20207 6. Given your answers to question 4 and 5 above, would you recommend that UFC reallocate some of its spending from program services to fund raising or general administration in 2022? Why or why not? 7. Now that recevabiles constitute a much larger proportion of LFC's assets than in the past, the Brecutive Director has asked you to calculate the Days In Receivables ratio for 2021 .. Which revenue items will you exclude from the ratio? Why? b. What is LIC's Days in receivables ratio for 2021? Is it favorable or unfavorable? Why? 8. Calculate the current ratio and total debt liabilities to net assets ratio for LFC for 2021 and 2020. Are these trends favorable or unfavorable? Which presents the greater area of concern for 2021, and why? 9. Calculate the days of cash on hand ratio for LFC for 2021 and 2020. Assume that there are no marketable securities or bad debt expense. The depreciation expense for each year was 5624,356 for 2021 and $107 900 for 2020. Is the trend favorable or unfavorable? Why? 10. Given your answers to the questions above and an overall review of Uses financial statements, would you characterize LFC's financial position as weak, neutral, or strong? Why? EXHIBIT #1 Leprechaun Film Center Statements of Financial Position December 31, 2021 and 2020 2021 2020 ASSETS Current Assets Cash and Cash Equivalents Grants Receivable Other Receivables Inventory Prepaid Expenses Total Current Asset 75,505 562.696 36.173 50,400 11.55 736.000 1942 7.58 17.024 59.500 0.653 Long Term Assets Pledges Receivable 1 year Deposits Property and Equipment, net Total Long Tenn Assets 264514 1,510 9,336612 9.6027696 4 7910 9.274 516 9,775056 Total Assets 10.339.0985 10.134705 113.240 111.775 LIABILITIES AND NET ASSETS Current Liabilities Accounts Payable Accred Expenses Deferred Revenue Line of Credit (Loan) Current Portion of capital lense obligation Total Current Liabilities 108.2145 109,014 31,186 960510 51.100 1.260.054 100.000 48.394 373,410 36,596 88,658 Long Term Liabilities Capital Lease Obligations less current portion S 1.296,650S 362045 Total Llabilities Net Assets Without Donor Restrictions With Donor Restrictions Total Net Assets 8.777.934 264.514 9,042,448 9.184,130 538 530 9.722.666 S 10.339.098 5 10.184.70 Total Liabilities and Net Assets EXHIRIT 12 Leprechaun Film Center Statements of Activities Years Ended December 31, 2021 and 2020 Without Decor Restrict 2001 2020 5 REVENUE AND SUPPORT ** Theatris * Concession and cafe sales * Memberships The real sales Special Events Other Program Interested in me Sale of Tax Credits Grants Contributions Total Revenue and Suppo 414.ES 1.522426 119.654 INO 47.710 0.006 78.640 196.23 61,350 58,414 140,616 45.726 56656 1,114,002 3,016.550 1.12.12 6,167.354 101.7 36.104 37626.690 Nest nec sed mic 274,016 1.826.57% 5 3950.7065 7,99.92 Total Revend Support EXPENSES Program Services General Administration Fund Raising Total Expo $ 3.6.40.534 455.436 360132 4056902 1.378,472 407.244 10334 ZO.LOS (406.196) 5.905 832 Change in Net Assets Net Assets Beginning of Year NetAssets End of Year 9.134,130 3.228298 5 3.777.9345 9.184134 - These items represent all cash sales