Question Set $3-2.$ Using Exhibit $14-7$ Lafayette Film Center Statement of Financial Position $($p$.551)$ and Exhibit $14-9$ Lafayette Film Center Statement of Functional Expenses $($p$.547),$ calculate the following ratios $($Show how you calculate each ratio$).$ Also, interpret each ratio you have calculated $($In other words, explain what each ratio means$).$

$(1)$ Days of Cash on Hand in $2024$

$(2)$ Days of Cash on Hand in $2023$

$(3)$ Evaluate the Center$$s financial status in terms of comparative data on Days of Cash on Hand.

Page $54720242025$

Operation $=$ increase in net assets without donor restrictions $=$ $$(1,000)$ $$4,000$

Margin $=$ total revenues and other support without donor restrictions $=$ $$190,000$ $$180,000$

$=-0\mathrm{.}05$ or $-5\%=\mathrm{.}022$ or $2\mathrm{.}09\%$

Total $=$ Increase in net asset $$5,000$ $$7,000$

Magin Total Revenue and Other

Support without Donor $$190,000$ $$180,000$

Restrictions

$=\mathrm{.}026$ or $2\mathrm{.}6\%\mathrm{.}039$ or $3\mathrm{.}9\%$