Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Healthy Kids is a not-for-profit organization that educates children about the importance of increased physical activity with the goal of stimulating behavioral change. Healthy Kids

image text in transcribed
image text in transcribed
image text in transcribed
Healthy Kids is a not-for-profit organization that educates children about the importance of increased physical activity with the goal of stimulating behavioral change. Healthy Kids has asked you to help it analyze its financial health for FY 2013, which ended on August 31, and it has provided you with the summary information below: From the Statement of Financial Position as of August 31, 2013 Total Assets $2,785,182 Total Liabilities S1 ,913,489 Total Net Assets $871,713 From the Statement of Activities for the Year Ending August 31, 2013 Unrestricted Revenues and Support $1,806,412 Total Revenue and Support $1,694,012 Total Expenses $2,123,027 Total Supporting Services Expenses $360,914 Change in Net Assets ($429,015) From the Statement of Cash Flows for the Year Ending August 31, 2013 Net Cash from Operating Activities ($256,987) Net Cash from Investing Activities $482,012 Net Cash from Financing Activities $0 Net Increase/(Decrease) in Cash $235,025 Other Information Provided for FY 2013 Cash-Flow Coverage -0.82 . Current Ratio 1.73 Days of Cash on Hand 102.60 days Receivables Turnover Ratio 4.01 Total Asset Turnover Ratio 0.65 . Round to 2 decimal places, e.g.53.12 * Where appropriate, write your answer in terms ot the unt specified. For example, i, tho i Out box has a % sien next to it eenvert your anseer into %. But do not enter the % sign in the input box, eg. convert 001 to 100% but write only t.00 in the box Use a hyphen or dash to indicate negative numbers. Do not use parentheses E 32 13 is OK (82.13) is not A) What was Healthy Kids' return on net assets in FY 20137 A) What was Healthy Kids' return on net assets in FY 2013? B) You find that Healthy Klds' peer organizations are able to collect receivables in 150 days, on average. How many days did Healthy Kids take? (Assume that all sales are credit sales.) days C) How does Healthy Kids' receivable collection efficiency compare to its peers? 1. Favorablby 2 Unfavorably 3 Cannot tell from the information provided write 1 or 2 or 3] which of the following ratios would best help a vendor determine whether or not Healthy Kds will be able to pay for supplies in a timely manner? 1. Cash flow coverage ratio 2 Current ratio 3 Recelvables turnover ratio Program services ratio E) What was Healthy Kids' program services ratio in FY 2013? F Healthy Kids' program services ratio exceeds the commonly accepted benchmark 1 True [write 1 or 2 or 3 or 4] 2 False 3. Cannot tell from the information provided G) Which of the following numbers could be Healthy Kids' fixed asset turnover ratio in FY 2013 write 1 or 2 or 3 1. 0.16 2 0.47 3 1.45 write 1 or 2 or 3 H) Calculate Healthy Kilds' debt to equity ratio for FY 2013. ) How does Healthy Kids' debt to equity ratio for FY 2013 compare to the rule of thumb for this ratio? 1. Favorably 2 Unfavorably 3 Cannot tell from the information provided (write 1 or 2 or 3] )Healthy Kids neither borrowed nor repaid any principal in FY 2013. H) Calculate Healthy Kids' debt to equity ratio for FY 2013. How does Healthy Kids' debt to equity ratio for FY 2013 compare to the rule of thumb for this ratio? 1. Favorably 2. Unfavorably 3. Cannot tell from the information provided (write 1 or 2 or 3 J) Healthy Kids neither borrowed nor repaid any principal in FY 2013. True 2. False 3 Cannot tell from the information provided write 1 or 2 or 3 K Calculate Healthy Kids' total margin ratio. L) Healthy Kids' sold financial or capital assets worth at least $492,012 in FY 2013. 1. True 2 False 3 Cannot tell from the information provided write 1 or 2 or 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Define Management or What is Management?

Answered: 1 week ago

Question

What do you understand by MBO?

Answered: 1 week ago

Question

What is meant by planning or define planning?

Answered: 1 week ago