Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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. How do you assess Code 4 Change's over all fincial position and performance? Why? In your assessment, make reference to each ratio you calculated. image text in transcribed

image text in transcribed

CHAPTER 14 Financial Statement Analysis 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 9,653,039 10,944,924 Total Assets $11,133,813 $13,305,806 Liabilities and Net Assets Liabilities $172,567 $202,631 Accounts payable 3,679,148 3,857,262 Annuity payment liability 3,851,715 4,059,893 Total liabilities 7,282,098 9,245,913 Unrestricted Net Assets $11,133,813 $13,305,806 Total Liabilities and Net Assets

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

Step: 3

blur-text-image

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

Foundations Of Financial Markets And Institutions

Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi

3rd Edition

0130180793, 978-0130180797

More Books

Students also viewed these Finance questions