Presented below ore financial statements $($except cash flows$)$ for two not$-$for$-$profit organizations. Neither organization has ony

permanently restricted net ossets.

Requlred:

a$.$ Calculste the following ratios $($sssume depreciation expense is $$750,000$ for both organizetions and is allocated among program

and supporting expenses$)$:

Program expense.

Fund$-$roising efficiency.

Days cash on hand.

Working copital $($expressed in doys$).$

b$.$ For esch ratio, which of the two organizations has the stronger ratio.

$($Assume $365$ days In a year. Do not round Intermedlate calculations. Round "Program expense" answers to $1$ decimal place and

"Fund$-$ralsing efficlency" answers to $3$ decimal places and "Days cash on hand", "WorkIng capltal" answers to nearest whole

number.$)$