Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. \begin{tabular}{|c|c|c|} \hline Statement of Net Assets & ABC Not-for-Profit & XYZ Not-for-Profit \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & $215,000 & $366,000 \\ \hline Short-term cash equivalents & 275,000 & 100,000 \\ \hline Supplies inventories & 42,000 & 160,00 \\ \hline Receivables & 449,500 & 198,500 \\ \hline Total current assets & 981,500 & 824,500 \\ \hline \multicolumn{3}{|l|}{ Noncurrent assets } \\ \hline Noncurrent pledges receivable & 275,000 & \\ \hline Endowment investments & 2,690,000 & \\ \hline Land, buildings, and equipment (net) & \multirow{2}{*}{6,150,0003,185,000} & 1,778,000 \\ \hline Total noncurrent assets & & 1,778,000 \\ \hline Total assets & $7,131,500 & $2,602,500 \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline Accounts payable & 33,000 & $139,000 \\ \hline Total current liabilities & 33,000 & 139,000 \\ \hline \multicolumn{3}{|l|}{ Noncurrent Liabilities } \\ \hline Notes payable & 188,500 & \\ \hline Totai noncurrent liabilities & \multirow{2}{*}{221,500188,500} & \\ \hline Total Labilities & & 139,000 \\ \hline \multicolumn{3}{|l|}{ Net Assets } \\ \hline Unrestricted & 4,035,000 & 2,374,500 \\ \hline Donor restricted for purpose & \begin{tabular}{r} 165,000 \\ 2,690,000 \end{tabular} & 89,000 \\ \hline Donor restricted for endowment & \multirow{2}{*}{\begin{tabular}{l} 2,690,000 \\ 6,890,000 \end{tabular}} & 2.463 .580 \\ \hline Total net assets & & 2,463,500 \\ \hline Total liabilities and net assets & $7,111,500 & $2,602,500 \\ \hline \end{tabular} Required: a. Calculate the following ratios (assume depreciation expense is $760,000 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 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.)