ACC 204

Internet Project To answer the first five questions below, go to the web site of the American Cancer Society and look at their 2014 financial statements. http://www.cancer.org/aboutus/whoweare/financialinformation/combinedfinancialstatements/2014-combined-financial-statements

The formulas for the ratios are on page 88 of the textbook.

1. Who is their auditor and did the auditors opinion state that the financial statements were presented in conformity with US generally accepted accounting principles?

2. Calculate their program effectiveness ratio.

3. Calculate their capital structure ratio (i.e., total liabilities divided by total assets).

4. Calculate their two going concern ratios.

5. Based on your calculations, do you think the American Cancer Society is operating effectively? [Answer yes or no and give a brief explanation]

To answer the remaining questions, go to give.org (the Better Business Bureaus web site).

6. The Better Business Bureau rates charitable organizations. Does the American Cancer Society meet the Better Business Bureaus standards?

7. The Better Business Bureau actually rates charitable organization based on several standards. How many + ratings did the American Cancer Society receive?

8. How many complaints did the Better Business Bureau receive relating to the American Cancer Society in the last 36 months?

9. What was the nature of the complaints and did the American Cancer Society respond to the complaints? [Answer yes or no and give a brief explanation]