Exhibits 14-11 and 14-12 present the statements of financial position and statements of activities for Code 4 Change, a fictional organization that provides training in computer programming to the unemployed. For both 2017 and 2016, calculate:

A: common size ratios for the statements of financial position and statements of activities. B: The current ratio

C: days of cash on hand

D: the debt to equity ratio

E: the total margin

F: the program services ratio.

G: How do you assess Code 4 Change's over all position and performance? Why? In your assessment, make reference to each ratio you calculated.

CHAPTER 14 Financial Statement Analysis 55 EXHIBIT 14-11 Code 4 Change Statements of Financial Position as of March 31, 2017 and 2016 Assets 2017 2016 Cash and cash equivalents $ 1,909,606 $ 1,044,193 Interest and dividends receivable 61,244 52,582 Pledges receivable-net of assessment fees and 373,788 358,632 allowance for uncollectible pledges of $449,162 in 2017 and $464,486 in 2016 Prepaid expenses and other 16,244 25,367 Investments 10,944,924 9,653,039 Total Assets $13,305,806 $11,133,813 Liabilities and Net Assets Liabilities Accounts payable $202,631 $172,567 Annuity payment liability 3,857,262 3,679,148 Total liabilities $ 4,059,893 $ 3,851,715 9,245,913 7,282,098 Unrestricted Net Assets $13,305,806 $11,133,813 Total Liabilities and Net Assets558 PART V Financial Analysis EXHIBIT 14-12 Code 4 Change Statements of Activities for the Years Ended March 31, 2017 and 2016 2017 2016 Support and Revenue: Contributions-net of assessment fees and allowance for uncollectible pledges $4,771, 172 $ 2,654,400 of $428,587 in 2017 and $433,252 in 2016 241,245 178,626 Contributions of charitable gift annuities 2,178,924 32,436,803 Bequests 766,580 384,670 Investment income-net $7,957,921 $35,654,499 Total support and revenue Expenses: $34,754,236 Program services $6,053,675 Management and general 85,933 75,499 Fundraising 179,277 168,316 Total expenses $6,318,885 $34,998,051 Change in Net Assets Before Change in Unrealized Appreciation of Investments $1,639,036 $ 656,448 Change in Unrealized Appreciation of Investments 324,779 428, 159 Change in Net Assets $1,963,815 $ 1,084,607 Net Assets-Beginning of year 7,282,098 6,197,491 Net Assets-End of year $9,245,913 $ 7,282,098 Review chapter content and explore online resources at study.sagepub.com/finklerge