Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets ABC Not-for Brofit XY2 Not-for-Profit Temporarily Restricted Temporarily Restricted Statenent of Activities Unreatricted Unrestricted Program service revenue Contribution revenues $5,605, 000 $2,236, 600 3,180,900 3,333,400 747,900 95,700 $ 979,600 Net gains on endownent investments Net assets released fron restriction 17,500 satisfaction of program reatrictions 450,000) 450,000 9,405,900 S, 630, 600 374,700 , 792,200 1,551,700 374,700) 604, 900 Total revenues 393, 600 Education program expenses Reacarch program expense 1.276,000 2245 400 Total program service expenses Fund-raising Administration 357,000 1,230,000 670,000 Total supporting service expenses Total expenscs Increase in net assets Net assets January 1 Net assets December 31 8, 031, 600 1,374,300 4,228,000754,500_ ,384,100 408,100 991 600 393,600 604,900 298,700 $ 903,600 $5,602,300 $1,148,100 $1,399,700 ABC Not-for-Profit XYZ Not-for-Profit Cash Short-term inveatments Supplies inventories Receivables $ 98,200 247,900 30,000 224,500 600, 600 $ 239,700 92,700 140,500 Total current assets 555, B00 Noncurrent assets Pledges receivable Long-term investments Land, buildings, and equipment (net 2,600,000 3.084.800 1.988.000 Total noncurrent assets Total assets $6,760,400 $2,543,B00 Current liabilities Accounts payable 128,100 128, 100 Total current liabilities 23,000 Noncurrent 1iabilities Notes payable Total noncurrent liabilitie Total liabilities Net Assets Unrestricted Temporarily restricted Permanently restricted , 625,000 933,900 1,454,400 961,300 Total net assets 2,415, 700 $2,543,800 Total liabilities and net assets 55,760,400 Required: a. Calculate the following ratios (Assume 365 days Program expense. Fund-raising efficiency. .Working capital. b. For each ratio, which of the two organizations has the stronger ratio. (Do not round intermediate calculations. Round "Program expense" answers to 1 decimal place and "Fund-raising efficiency answers to 3 decimal places and "Working capital" answers to nearest whole number.) Answer is complete but not entirely correct. Program expense Fund-raising efficiency Working capital ABC Not-for-Profit ABC Not-for-Profit XYZ Not-for-Profit 0.000 0.000 days days