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looking for some help. thanks in advance. Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted

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looking for some help. thanks in advance.

Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. ABC Not-for-profit Temporarily Unrestricted Restricted XYZ Not-for-Profit Temporarily Unrestricted Restricted $5,596,000 3,330,000 252.000 96 209 32,252 000 B, 205,000 $1,025, 2e9 18,000 452,000 9,396,809 452,000) (396.299 378,eee 5,835,000 (378,000) 647, 209 Statement of Activities Revenues Program service revenue contribution revenues Grant revenue Net gains on endowment investments Net assets released from restriction Satisfaction of program restrictions Total revenues Expenses Education program expenses Research program expense Total program service expenses Fund-raising Administration Total supporting service expenses Total expenses Increase in net assets Net assets January 11 Net assets December 31 5,624 000 1.258, ce 6.882eba 258,00 65200 1110 1992, 900 1 wee 4.2 SA 1.560.900 2,258,909 3,818,000 357,000 1.230.000 1,58760 5,485.000 430,000 1.999,000 $1,470.000 39200 6000 19156) 200 647,200 322.ee S 959,200 Required: a. Calculate the following ratios (assume depreciation expense is $755,000 for both organizations and is allocated among program and supporting expenses) Program expense. Fund-raising efficiency Days cash on hand. Working capital (expressed in days) b. For each ratio, which of the two organizations has the stronger ratio. (Assume 365 days in a year. Do not round Intermedlate calculations. Round "Program expense" answers to 1 decimal place and "Fund-relsing efficlency" answers to 3 declmal places and "Days cash on hand", "Working capltall answd es to nearest whole number.) ABC XYZ % 96 Ratios Program expense Fund-raising efficiency Days cash on hand Working capital (days) Stronger Ratio ABG Not-for-Profit XYZ Not-for-Profit XYZ Not-for-Profit ABC Not-for-profit days days days days

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