Question: I need help with the working capital days Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently

I need help with the working capital days Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. Pequired: 8. Calculete the following ratios (ansume

I need help with the working capital days

depreciebon expense is $756,000 for both organizotions and is allocated among program

and supporting expenses) - Program expense. - Fund rasing efficiency. - Days

cash on hand. - Working copital (expressed in days). b. For each

Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. Pequired: 8. Calculete the following ratios (ansume depreciebon expense is $756,000 for both organizotions and is allocated among program and supporting expenses) - Program expense. - Fund rasing efficiency. - Days cash on hand. - Working copital (expressed in days). b. For each ravo, which of the two organizations has the stronger ratio. (Assume 365 days in a year. Do not round intermediate calculations. Round "Program expense" answers to 1 decimal place and "Fund-raising efficiency" answers to 3 decimal places and "Days cash on hand", "Working capital" answers to nearest whole number.)

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