Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use 2015 Form 990 and the 2016 annual report for Feeding America. Although the Form 990 indicates it is for 2015, it is actually for

Use 2015 Form 990 and the 2016 annual report for Feeding America. Although the Form 990 indicates it is for 2015, it is actually for the period July 1, 2015, to June 30, 2016, the same time period as the 2016 annual report.

Required

a) Compute the following performance measures using the Form 990.

1) Current Assets/Current Liabilities

2)Total Revenues/Total Expenses

3)Program Expenses/Total Expenses

4)Fund-raising expenses/Public Support

B) Using the annual financial statements, calculate the following performance measures.

1) Current Assets/Current Liabilities

2)Total Revenues/Total Expenses

3)Program Expenses/Total Expenses

4)Fund-raising expenses/Public Support

image text in transcribedimage text in transcribedUse x

FEEDING AMERICA Statements of Financial Position Jume 30, 2016 and 2015 (In thousands Contriloations receivable, net Furmiture and equipment, net of accurwilatod depreciason of $3,766 and $3,199 in Accounts payable and accrued expenses Curseat portion of leases payable Other obligations 95.265216 FEEDING AMERICA Statements of Activities Years ended June 30, 2016 aad 2015 (n honsaxs 2015 Temperarily Peraanentty nestrieted Donated poods and senices 2233.351 Net assets released from restriction Total public support ande Loss on dispostion of turaiture atd equpme Net assers at beginning of year Not asseta at end of year FEEDING AMERICA Statements of Financial Position Jume 30, 2016 and 2015 (In thousands Contriloations receivable, net Furmiture and equipment, net of accurwilatod depreciason of $3,766 and $3,199 in Accounts payable and accrued expenses Curseat portion of leases payable Other obligations 95.265216 FEEDING AMERICA Statements of Activities Years ended June 30, 2016 aad 2015 (n honsaxs 2015 Temperarily Peraanentty nestrieted Donated poods and senices 2233.351 Net assets released from restriction Total public support ande Loss on dispostion of turaiture atd equpme Net assers at beginning of year Not asseta at end of year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

16th edition

978-0134075754, 134075757, 134065824, 978-0134065823

More Books

Students also viewed these Accounting questions

Question

Differentiate between a property tax and a transfer tax.

Answered: 1 week ago

Question

d. What do you need to practice more to be a more astute observer?

Answered: 1 week ago

Question

Question 1 (a2) What is the reaction force Dx in [N]?

Answered: 1 week ago