View the 2015 Consolidated Statements for June; of the American Red Cross -

Provided Below

http://www.redcross.org/images/MEDIA_CustomProductCatalog/m56240343_2015_TheAmericanNationalRedCross_CFS.PDF

USE LINK ^^^^^^ FOR STATEMENTS!

Answer these questions:

What is the largest asset category?

Why do you think this asset category is so large?

Why do you think that so much of the contributions receivable is not included in current assets?

What is the largest liability category?

Explain what you think this liability category represents. Why do you think it is so large?

What portion of the net asset total is restricted? Why do you think so little is unrestricted?

What are the two largest sources of contributions, revenues and gains?

What are the two largest expense categories?

What is the ratio of total program expenses to total expenses?

What would this ratio be if the biomedical services expense were not included in either the total program expenses or the total expenses? Considering the mission of the Red Cross does this ratio seem reasonable to you? Why or why not

Use the Statement of Functional Expenses to determine the total amount spent for salaries and wages and employee benefits within the total program expenses. What is the ratio of that subtotal to the total program expenses? Considering the mission of the Red Cross does this ratio seem reasonable to you? Why or why not

Consider the net cash used/provided by operating, investing and financing activities for the year. In general where did the organizations cash come from and what was it used for?