Review the financial statements of the March of Dimes for 2019 as presented in Table 12-8. 1.

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Review the financial statements of the March of Dimes for 2019 as presented in Table 12-8.
1. Comment as best you can ( even in the absence of guidelines as to what constitutes norms for comparable foundations) on the fiscal strength of the organization as of December 31, 2019, with respect to:
a. Liquidity
b. Burden of debt relative to assets
c. Adequacy of available resources to meet expenditures
d. Current fiscal performance as indicated by surpluses or deficits
e. Riskiness of revenue stream
2. Did it direct more of its revenues toward missionoriented programs rather than to administrative or fund-raising activities?
3. What data would you prefer for evaluating the organization's efficiency?

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Government And Not For Profit Accounting Concepts And Practices

ISBN: 9781119803898

9th Edition

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese

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