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	$	6,395,000							$	2,330,000
Contribution revenues		3,407,500			$	758,000				3,280,000
Grant revenue						104,000							$	1,033,000
Net gains on endowment investments		18,300
Net assets released from restriction
Satisfaction of program restrictions		466,000				(466,000	)			617,000				(617,000	)
Total revenues		10,286,800				396,000				6,227,000				416,000
Expenses
Education program expenses		6,421,000								1,567,000
Research program expense		1,264,000								2,656,000
Total program service expenses		7,685,000								4,223,000
Fund-raising		536,000								396,000
Administration		658,000								1,237,000
Total supporting service expenses		1,194,000								1,633,000
Total expenses		8,879,000								5,856,000
Increase in net assets		1,407,800				396,000				371,000				416,000
Net assets January 1		4,216,000				767,000				1,045,500				328,000
Net assets December 31	$	5,623,800			$	1,163,000			$	1,416,500			$	744,000

Statement of Net Assets	ABC Not-for-Profit						XYZ Not-for-Profit
Current assets
Cash		$	213,000					$	364,000
Short-term cash equivalents			273,000						99,800
Supplies inventories			40,000						158,000
Receivables			447,500						196,500
Total current assets			973,500						818,300
Noncurrent assets
Noncurrent pledges receivable			273,000
Endowment investments			2,670,000
Land, buildings, and equipment (net)			3,183,000						1,776,000
Total noncurrent assets			6,126,000						1,776,000
Total assets		$	7,099,500					$	2,594,300
Current liabilities
Accounts payable		$	31,000					$	137,000
Total current liabilities			31,000						137,000
Noncurrent liabilities
Notes payable			186,500
Total noncurrent liabilities			186,500
Total liabilities			217,500						137,000
Net Assets
Unrestricted			4,033,000						2,372,500
Donor restricted for purpose			163,000						84,800
Donor restricted for endowment			2,670,000						0
Total net assets			6,866,000						2,457,300
Total liabilities and net assets		$	7,083,500					$	2,594,300

a. Calculate the following ratios (assume depreciation expense is $758,000 for both organizations and is allocated among program and supporting expenses):

• Days cash on hand.
• Working capital (expressed in days).

(Assume 365 days in a year. Do not round intermediate calculations. Round "Program expense" answers to 1 decimal place and "Fund-raising efficiency" answers to 3 decimal places and "Days cash on hand", "Working capital" answers to nearest whole number.)