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 Not-for-Profit
Statement of Activities	Unrestricted	Temporarily Restricted	Unrestricted	Temporarily Restricted
Revenues
Program of service Revenue	$5,685,000		$2,178,200
Contribution rev	$3,380,900	$745,500	$3,097,900
Grant revenue		95,400		$765,300
Net gains on endowment investments	17,800
Net assets released from restriction
Satisfaction of program restrict	457,800	(457,800)	364,900	(364,900)
Total revenues	9,541,500	383,100	5,641,000	400,400
Expenses
Education of program expenses	5,712,400		1,521,100
Research program expense	1,356,000		2,201,100
Total program service expenses	7,068,400		3,722,200
Fund-raising	469,700		365,000
Administration	730,00		1,235,000
Total supporting service expenses	1,199,700		1,600,000
Total expense	8,268,100		5,322,200
Increase in net assets	1,1273,400	383,100	318,800	400,400
Net assets Jan 1	4,308,000	735,000	774,700	197,700
Net assets Dec 1	$5,581,400	$1,118,100	$1,093,500	$598,100

Statement of Net Assets	ABC Not-for-Profit	XYZ Not-for-Profit
Current assets
Cash	$65,400	$171,300
Short-term investments	165,500	62,400
Supplies inventories	20,400	94,500
Receivables	152,700	55,800
Total current assets	404,000	384,000
Noncurrent assets
Pledges receivable	625,000
Long-term investments	2,790,000
Land, building, and equip (net)	2,140,100	2,058,000
Total noncurrent assets	5,555,100	2,058,000
Total assets	$5,959,100	$2,442,000
Current liabilities
Accounts payable	$23,000	$122,500
Total current liabilities	23,000	122,500
Noncurrent liabilities
Notes Payable	178,500
Total noncurrent liabilities	178,500
Total liabilities	201,500	122,500
Net Assets
Unrestricted	5,715,000	1,391,400
Temporarily restricted	42,600	928,100
Permanently restricted	0	0
Total net assets	5,757,600	2,319,500
Total liabilities and net assets	$5,959,100	$2,442,000

Required:

1. Calculate the following ratios (Assume 365 days): Program expense, Fund-raising efficiency, and Working Capital
2. For each ratio, which of the two organizations has the stronger ratio.