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 following

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 following ratios (assume depreciation expense is $755,000 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 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.)

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 following ratios(assume depreciation expense is $755,000 for both organizations and is allocated among

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Roll-away Corporation supplies alloy ball bearings to equipment manufacturers across Western Canada. Because of its specialized manufacturing process, considerable work in process and raw materials...

Q:

Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has permanently restricted net assets. ABC Not-for-Profit Temporarily...

Q:

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-Profit Temporarily...

Q:

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-Profit Temporarily...

Q:

ABC Not-for-Profit XYZ Not-for-Profit $ 72,800 184, 100 22,600 169,200 448, 700 $ 179,100 69, 300 105,000 62,000 415, 400 535,000 2,700,000 2, 366,500 5, 601,500 $6,050, 200 2,038,000 2,038,000...

Q:

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-Profit Temporarily...

Q:

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 following...

Q:

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-Profit XYZ...

Q:

Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. Statement of Activities. Revenues...

Q:

Exercise 13-6 (Algo) Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. ABC...

Q:

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-Profit XYZ...

Q:

1. Place yourself in Kevin's and Jeff's shoes. How do you respond to Reid concerning this delicate situation? Jeff and Kevin's first and only priority is the system automation projects, but if there...

Q:

Policies and procedures Develop a range of policies and accompanying procedures for recruitment, selection and induction in a new organization. Describe the organization and its core business then...

Q:

Assume that $ 6 0 , 0 0 0 cash is paid for office rent to cover the next year. The appropriate debit and credit would be: Question 8 Answer a . Debit Prepaid Office Rent $ 6 0 , 0 0 0 , credit Office...

Q:

The management at Hackney's Southwestern Regional (HSR) are interested in determining the optimal fleet purchase mix for the coming year. There are four types of vehicles that can be purchased:...

Q:

Explain the Fulfillment of Taxation Obligations for e-Commerce actors based on the Electronic Information and Transactions ( ITE ) Law!

Q:

5. Explain how Culture can help companies set legal and ethical standards?

Q:

How do you think the development of mobile commerce in the future? What can companies do in the face of the development of mobile commerce?

Q:

3. What are the basic ideas behind the use of social networking sites such as YouTube, Instagram, Twitter? In your opinion, how can this media be used as a promotional media to get new customers?

Q:

In project management, which of the following is most likely to apply to an activity with a slack time of two? Question 17 options: You can give an employee responsible for that activity Thursday and...

Q:

2. In this chapter, the reader should reflect on the following concepts: historical reason, goal orientation, core values and top performance.

Q:

1. To understand how to set goals in a communication process

Q:

11. How often have you passed on to others this type of information, which you have filled in yourself? Never, then you should think again.