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 XYZ Not$-$for$-$Profit

Statement of Activities Unrestricted Temporarily

Restricted Unrestricted Temporarily

Restricted

Revenues

Program service revenue $ $5,895,000$ $ $2,280,000$

Contribution revenues $3,357,500$ $ $753,0003,230,000$

Grant revenue $99,000$ $ $1,028,000$

Net gains on endowment investments $17,800$

Net assets released from restriction

Satisfaction of program restrictions $456,000(456,000)467,000(467,000)$

Total revenues $9,726,300396,0005,977,000561,000$

Expenses

Education program expenses $5,921,0001,562,000$

Required:

Calculate the following ratios $($assume depreciation expense is $750,000$ for both organizations and is allocated among program and supporting expense$)$

$-$program expense

$-$fund$-$raising efficiency

$-$days cash on hand

$-$working capital $($expressed in days$)$

For each ratio, which of the two organizations has the stronger ratio.$($assume $365$ days in a year.$)$