Use 2018 Form 990 and the 2019 audited financial statements for Feeding America. Although Form 990 indicates it is for 2018, it is actually for the period July 1, 2018, to June 30, 2019, the same time period as the 2019 audited financial statements. Required Compute the following performance measures using the Form 990. Using the annual financial statements, calculate the following performance measures. Compute the following performance measures using the Form 990. (Round your answers to two decimal places and the Going Concern ratio to three decimal places.) This is what I had come up with but they are all incorrect amounts. Let me know how I can sent the Form 990 to give you the figures. Liquidity Choose Numerator ÷ Choose Denominator = Ratio Current Assets Current Liabilities $106,955,173 ÷ $15,171,035 = 7.05 Going Concern Choose Numerator ÷ Choose Denominator = Ratio Revenue over expenses Total Expenses $7,648,047 ÷ $2,823,972,605 = 0.003 Program Effectiveness Choose Numerator ÷ Choose Denominator = Ratio Program Expenses Total Expenses $2,785,029,312 ÷ $2,823,972,605 = 0.99 Fund-raising Efficiency Choose Numerator ÷ Choose Denominator = Ratio Fund-Raising Expenses Public Support $28,429,877 ÷ $2,644,151,273 = 0.01

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use 2018 Form 990 and the 2019 audited financial statements for Feeding America. Although Form 990 indicates it is for 2018, it is actually for the period July 1, 2018, to June 30, 2019, the same time period as the 2019 audited financial statements.

Required

Compute the following performance measures using the Form 990.
Using the annual financial statements, calculate the following performance measures.

Compute the following performance measures using the Form 990. (Round your answers to two decimal places and the Going Concern ratio to three decimal places.)

This is what I had come up with but they are all incorrect amounts.

Let me know how I can sent the Form 990 to give you the figures.

		Liquidity
Choose Numerator	÷	Choose Denominator	=	Ratio
Current Assets		Current Liabilities
$106,955,173	÷	$15,171,035	=	7.05

		Going Concern
Choose Numerator	÷	Choose Denominator	=	Ratio
Revenue over expenses		Total Expenses
$7,648,047	÷	$2,823,972,605	=	0.003

		Program Effectiveness
Choose Numerator	÷	Choose Denominator	=	Ratio
Program Expenses		Total Expenses
$2,785,029,312	÷	$2,823,972,605	=	0.99

		Fund-raising Efficiency
Choose Numerator	÷	Choose Denominator	=	Ratio
Fund-Raising Expenses		Public Support
$28,429,877	÷	$2,644,151,273	=	0.01

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