Question: Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. Required: a. Calculate the fol


Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. Required: a. Calculate the fol owing tatiog iabsume deprechtion expense is 5765,000 for botinorganizotions and is aliacated among program and supponing expenses): - Progrom expense * Fund-raising etficiency. - Deypiceshorinand. - Working copital (expressed in days) b. For elch tatlo, Which of the two organizotions hos the stroncer ratio Required: a. Calculate the following ratios (assume depreciation expense is $765,000 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). b. For each ratio, which of the two organizations hos the stronger ratio (Assume 305 doys in e year, Do not round Intermedlate calculations. Round "Progrom expense" answers to 1 decimal place and "Fund-roiting efficlency" enswers to 3 declmel places and "Doys cash on hand", "Working caplital" answers to nearest whole number.)
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