Presented below are financial statements $($except cash flows$)$ for two not$-$for$-$profit organizations. Neither organization has any permanently restricted net assets. Presented below are financial statements $($except cash flows$)$ for two not$-$for$-$profit organizations. Neither organization has any permanently restricted net assets. $\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|\}$

$\backslash$hline Statement of Net Assets & ABC Not$-$for$-$Profit & XYZ Not$-$for$-$Profit $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Current assets$\}\backslash \backslash$

$\backslash$hline Cash & $\backslash$$ $225,000$ & $\backslash$$ $376,000\backslash \backslash$

$\backslash$hline Short$-$term cash equivalents & $285,000$ & $101,000\backslash \backslash$

$\backslash$hline Supplies inventories & $52,000$ & $170,000\backslash \backslash$

$\backslash$hline Receivables & $459,500$ & $208,500\backslash \backslash$

$\backslash$hline Total current assets & $1,021,500$ & $855,500\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Noncurrent assets$\}\backslash \backslash$

$\backslash$hline Noncurrent pledges receivable & $285,000$ & $\backslash \backslash$

$\backslash$hline Endowment investments & $2,790,000$ & $\backslash \backslash$

$\backslash$hline Land, buildings, and equipment $($net$)$ & $3,195,000$ & $1,788,000\backslash \backslash$

$\backslash$hline Total noncurrent assets & $6,270,000$ & $1,788,000\backslash \backslash$

$\backslash$hline Total assets & $\backslash$$$7,291,500$ & $\backslash$$$2,643,500\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Current liabilities$\}\backslash \backslash$

$\backslash$hline Accounts payable & $\backslash$$ $43,000$ & $\backslash$$ $149,000\backslash \backslash$

$\backslash$hline Total current liabilities & $43,000$ & $149,000\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Noncurrent liabilities$\}\backslash \backslash$

$\backslash$hline Notes payable & $198,500$ & $\backslash \backslash$

$\backslash$hline Total noncurrent liabilities & $198,500$ & $\backslash \backslash$

$\backslash$hline Total liabilities & $241,500$ & $149,000\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Net Assets$\}\backslash \backslash$

$\backslash$hline Unrestricted & $4,045,000$ & $2,384,500\backslash \backslash$

$\backslash$hline Donor restricted for purpose & $175,000$ & $110,000\backslash \backslash$

$\backslash$hline Donor restricted for endowment & $2,790,000$ & $0\backslash \backslash$

$\backslash$hline Total net assets & $7,010,000$ & $2,494,500\backslash \backslash$

$\backslash$hline Total liabilities and net assets & $\backslash$$$7,251,500$ & $\backslash$$$2,643,500\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Required:

a$.$ Calculate the following ratios $($assume depreciation expense is $\backslash (\backslash$$ $770,000\backslash )$ 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$).$