p. 14.6 Rwanctal ratios are useful in comparing one not-for-profit w another. Problems 667 The data below pertaining to two not-for-profit hospices Statement of Financial Position as of estatory) that provides information about not-for-profit orga eirations. Names and dates have been ehas eiantions. Names and dates have been changed. The forms Valey and Ancient Falls had fund-ratsingicate that Pleasant and $11,975, respectively. Because the datanses of $38,327 at Isternal Revenue Service form, the data were taken from (the format required by GAAP (e. the statements are not in nerse by derree of restrictivenese). they do not report net 1. Which of the two is the more likely to be able to atiafy its current liabilities as measured by the quick natiof Include only cash and receivables. 2. Which has the greater financial resources as measured by the ratio of total expenses to net assets (excluding property, plant, and equipment)? 3. Which spends the greater percentage of its revenues on fund-raising? 4. Which directs a greater portion of its revenues to program services? 5. Based on this limited amount of information, which of the two, in your opinion, is the more fiscally sound? Statement of Operations for the Year Ending Not ali health-care onganizations are similar, comiplicaling analysis. Below are the abridged operating statements of two notfor-profit hospitals that serve similar populations