Calculate the ratios program expense

Reference no: EM131526036

Question: Presented below are financial statements (except cash flows) for two not-forprofit organizations. Neither organization has any permanently restricted net assets.

a. Calculate the following ratios:

• Program expense.

• Fund-raising efficiency.

• Working capital.

b. For each ratio, explain which of the two organizations has the stronger ratio.

Reference no: EM131526036

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