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 $766,000 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)

Expenses Statement of Net Assets ABC Not-for-Profit XYZ Not-for-Profit Current assets CashShort-termcashequivalentsSuppliesinventoriesReceivablesTotalcurrentassets$221,000281,00048,000455,5001,005,500$372,000100,600166,000204,500843,100 Noncurrent assets (x) Answer is complete but not entirely correct. 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 $766,000 for both organizations and is allocated among program and supporting expenses): Program expense. Required: a. Calculate the following ratios (assume depreciation expense is $766,000 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 "Fundraising efficiency" answers to 3 decimal places and "Days cash on hand", "Working capital" answers to nearest whole number.)