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

permanently restricted net sssets.

Required:

a$.$ Calculste the following ratios $($sssume deprecistion expense is $$770,000$ for both organizations and is allocated among program

and supporting expenses$)$:

Program expense.

Fund$-$roising efficiency.

Days cash on hand.

Working capital $($expressed in days$).$

b$.$ For esch ratio, which of the two orgenizations 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 capital" answers to nearest whole

number.$)$