56). This ratio is calculated using the statement of functional expenses and shows what percentage of

the NPO's total expenses is directly linked to its mission or programs versus overhead:

a. Net operating ratio

b. Program expense ratio

c. Support service ratio

d. None of the above

57). Greenlee used this source to compile benchmark data for NPOs

a. 990s

b. Audited financial statements

c. Annual reports

d. None of the above

Use this information to calculate your answers to questions 58-66. In thousands (000s) of dollars, the

NPOs 12-31-18 statement of financial position account balances consist of: $200 in cash; $400 in

accounts receivable; $600 in equipment; $100 in accounts payable; $300 in long-term mortgages

payable; and, $800 in net assets, of which $700 is unrestricted and $100 is permanently restricted.

Similarly, the NPOs statement of activity balances for the year ended 12-31-18 are: $900 in program

service revenues; $1,100 in contribution revenues; $1,600 in program expenses; and $500 in support

service expenses.

58). In $000s, the NPOs operations deficit for calendar year 2018 was $100?

a. True

b. False

59). In $000's, the NPO's current assets totaled:

a. $100

b. $400

c. $600

d. None of the above

60). The program expense ratio was:

a. 76%

b. 80%

c. 10%

61). The current ratio was:

a. below market rate

b. above market rate

c. 6 or 600%

d. None of the above

62. The debt ratio is approximately 67%.

a. True

b. False