Calculate the program service ratio

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Question - Calculate the program service ratio for the Santa Fe Concert Association using following data: Program service expenses: Salaries and benefits = $75,000; Brochures and supplies = $15,000; office expenses $13,000; rent = $17,000; depreciation = $10,000; other program service expenses = $0. The organization also had expenses of $55,000 on management and general support, and $5,000 on fund raising.

A. 0.58

B. 0.68

C. 0.60

D. 0.70

Reference no: EM133087992

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