Presented below are financial statements $($except cash flows$)$ for two not$-$for$-$profit organizations.

ABC Not$-$for$-$Profit XYZ Not$-$for$-$Profit

Statement of Activities Unrestricted Donor$-$Restricted Unrestricted Donor$-$ Restricted

Revenues

Program service revenue $ $5,675,000$ $ $2,282,000$

Contribution revenues $3,121,250$ $ $760,5003,246,000$

Grant revenue $97,500$ $ $1,039,500$

Net gains on endowment investments $18,000$

Net assets released from restriction

Satisfaction of program restrictions $456,500(456,500)382,500(382,500)$

Total revenues $9,270,750401,5005,910,500657,000$

Expenses

Education program expenses $9,323,2501,704,000$

Research program expense $1,369,5002,264,000$

Total program service expenses $10,692,7503,968,000$

Fund$-$raising $558,000418,000$

Administration $659,5001,004,000$

Total supporting service expenses $1,217,5001,422,000$

Total expenses $11,910,2505,390,000$

Increase in net assets $2,639,500401,500520,500657,000$

Net assets, January $18,210,000802,0001,052,500324,000$

Net assets, December $31$ $ $5,570,500$ $ $1,203,500$ $ $1,573,000$ $ $981,000$

Statement of Net Assets ABC Not$-$for$-$Profit XYZ Not$-$for$-$Profit

Current assets

Cash $ $208,000$ $ $361,000$

Short$-$term cash equivalents $269,000100,500$

Supplies inventories $32,500152,000$

Receivables $446,000191,000$

Total current assets $955,500804,500$

Noncurrent assets

Noncurrent pledges receivable $175,50087,000$

Endowment investments $2,627,000$

Land, buildings, and equipment $($net$)3,220,5001,793,500$

Total noncurrent assets $6,023,0001,880,500$

Total assets $ $6,978,500$ $ $2,685,000$

Current liabilities

Accounts payable $ $23,500$ $ $131,000$

Total current liabilities $23,500131,000$

Noncurrent liabilities

Notes payable $181,000$

Total noncurrent liabilities $181,000$

Total liabilities $204,500131,000$

Net Assets

Unrestricted $5,570,5001,573,000$

Donor restricted for purpose $203,5000$

Donor restricted for endowment $1,000,000981,000$

Total net assets $6,774,0002,554,000$

Total liabilities and net assets $ $6,978,500$ $ $2,685,000$

Required:

Calculate the following ratios $($assume depreciation expense is $$487,000$ for both organizations and is allocated among program and supporting expenses$)$:

Program expense.

Fund$-$raising efficiency.

Days cash on hand.

Working capital $($expressed in days$).$

For each ratio, which of the two organizations has the stronger ratio.

Note: 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.