Question $16(14$ points$)$

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Question $16$ options:

Helping Humans is a not$-$for$-$profit organization that provides housing and social services in Wagnerville. Helping Humans has asked you to analyze its financial health for fiscal year $2020,$ which ended on December $31,$ and has provided you with the following summary information from its financial statements.

From the Statement of Financial Position as of December $31,2020$:

Total Current Assets:$$14,678,007$Total Assets:$$$$42,055,239$Total Net Assets:$$$$20,664,206$Total Current Liabilities:$$$$11,161,924$Total Liabilities:$$$$21,391,033$Total Receivables:$$$$6,103,118$Inventory:$$6,168,009$

From the Statement of Activities for the Year Ending December $31,2020$:

Revenues & Support without Donor Restrictions:$$79,032,743$Total Revenues & Support:$$79,037,574$Total Program Services Expenses:$$$$73,389,122$Total Expenses:$$$$80,077,683$

From the Statement of Cash Flows for the Year Ending December $31,2020$:

Net Cash Flows from Operating Activities:$$$$2,504,792$Net Cash Flows from Investing Activities:$($$$1,264,471)$Net Cash Flows from Financing Activities:$($$$480,692)$Net Increase$/($Decrease$)$ in Cash:$$$$759,629$

From the Statement of Functional Expenses for the Year Ending December $31,2020$:

Supplies Expense:$$$$1,480,165$Interest Expense:$$$$1,041,915$Depreciation Expense:$$$$3,099,771$

Round your answers to TWO decimal places.

DO NOT include symbols $($$$)$ or commas in your answers.

Indicate negative numbers with a hyphen or dash $-$ e$.$g$.-50\mathrm{.}85$

Write your answer in terms of the unit specified. For example, if the input box has a $\%$ sign next to it$,$ convert your answer into a percentage, but do not enter the $\%$ sign in the input box $-$ e$.$g$.$ convert $0\mathrm{.}0156$ to $1\mathrm{.}56\%$ but write only $1\mathrm{.}56$ in the blank.

For Parts D$,$ F$,$ & G write the WHOLE number corresponding to the correct option.$$

A$)$ On average, how many days of inventory does Helping Humans have available to use as of the last day of FY $2020?($days$)$

B$)$ What was Helping Humans' return on net assets in FY $2020?(\%)$

C$)$ Calculate Helping Humans' current ratio for FY $2020.($$$)$

D$)$ How does your answer to Part C compare to the rule of thumb for this ratio?

Favorably

Unfavorably

There is no rule of thumb for this ratio

Acceptable answers: $"1","2",$ or $"3".$

E$)$ On average, how many days did it take Helping Humans to collect its receivables during FY $2020?($days$)$

F$)$ Which of the following ratios would allow Helping Humans to determine whether they were able to make debt service payments out of cash from operations?

Debt to Equity

Days of Cash on Hand

Cash Flow Coverage

Times Interest Earned

Acceptable answers: $"1","2",$ or $"3".$

G$)$ Evaluate Helping Humans' program services ratio for FY $2020.$ How does this compare to the rule of thumb for this ratio?

Favorably

Unfavorably

There is no rule of thumb

Acceptable answers: $"1","2",$ or $"3".$