Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization h any permanently restricted net assets. ABC Not-for-Profit XYZ Not-for-Profit Temporarily Temporarily Statement of Activities Unrestricted Restricted Unrestricted Restricted Revenues Program service revenue $ 6, 495, 000 $2 , 340, 000 Contribution revenues 3, 417, 500 $ 759 , 000 3, 290, 000 Grant revenue 105 , 000 $1 , 034, 000 Net gains on endowment investments 18 , 400 Net assets released from restriction Satisfaction of program restrictions 168 , 000 468, 000) 647 , 000 (647, 000) Total revenues 10, 398, 900 396 , 000 6, 277, 000 387, 000 Expenses Education program expenses 6,521, 000 1, 568, 000 Research program expense 1 , 265, 000 2 , 706, 000 Total program service expenses 7, 786, 000 4, 274 , 000 Fund-raising 546 , 000 401, 000 Administration 659, 000 1, 238, 000 Total supporting service expenses 1, 205, 000 1, 639, 000 Total expenses 8, 991, 000 5, 913, 000 Increase in net assets 1, 407, 900 396, 000 364, 000 387 , 000 Net assets January 1 4, 217, 000 768, 000 1 , 046, 500 329 , 000 Net assets December 31 $ 5, 624, 900 $1 , 164, 000 $1 , 410, 500 $ 716,000 STATEMENT OF NET ASSETS ABC Not-for-Profit XYZ Not-for-Profit Current assets Cash $ 214, 000 $ 365 , 000 Short-term investments 274, 000 99 , 900 Supplies inventories 41, 000 159 , 000 Receivables 448, 500 197 , 500 Total current assets 977, 500 821, 400 Noncurrent assets Pledges receivable 274, 000 Long-term investments 2, 680 , 000 Land, buildings, and equipment (net) 3 , 184 , 000 1, 777, 000 Total noncurrent assets 6, 138, 000 1, 777 , 000 Total assets $7 , 115, 500 $2 , 598 , 400 Current liabilities Accounts payable $ 32 , 000 $ 138, 000 Total current liabilities 32, 000 138 , 000 Noncurrent liabilities Notes payable 187 , 500 Total noncurrent liabilities 187 , 500 Total liabilities 219 , 500 138 ,000 Net Assets Unrestricted 4, 034, 000 2,373 , 500 Temporarily restricted 164, 000 86 , 900 Permanently restricted 2 , 680, 000 0 Total net assets 6, 878, 000 2 , 460 , 400 Total liabilities and net assets $7 , 097, 500 $2 , 598 , 400 Required: a. Calculate the following ratios (Assume 365 days): . Program expense. . Fund-raising efficiency. Working annitalRequired: a. Calculate the following ratios (Assume 365 days): - Program expense. . Fund-raising efciency. . Working capital. b. For each ratio, which of the two organizations has the stronger ratio. (Do not round intermediate calculations. Round "Program expense" answers to 1 decimal place and "Fund-raising efficiency" answers to 3 decimal places and "Working capital" answers to nearest whole number.) 0 Answer is complete but not entirely correct