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Return Required: a. Calculate the following ratios (assume depreciation expense is $767,000 for both organizations and is allocated among program and supporting expenses): Program expense.

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Return Required: a. Calculate the following ratios (assume depreciation expense is $767,000 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.) * Answer is not complete. Ratios ABC XYZ % 38.0 X % Program expense Fund-raising efficiency Days cash on hand Working capital (days) Stronger Ratio ABC Not-for-Profit XYZ Not-for-Profit XYZ Not-for-Profit ABC Not-for-Profit days days days days OOO

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