Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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.
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started