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Required adviser, evaluate the camp's statement of financial position and statement of activities and prepare...

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Accounting

Required adviser, evaluate the camp's statement of financial position and statement of activities and prepare a report the chair of the allocation committee indicating the extent to which the camp's financial situation has improved worsenedIn your analysisyou should at the camp's financial position without donor restrictionsboth including excluding the use of the $37,500 of net assets with donor restrictions for operating purposes As part of your analysis you should consider liquidity (current and/or quick ratio)days of financial reserves, and efficiency (program expenses /total expenses)Financial reserves ratio is calculated working capital (current assets current liabilities) divided by expensesTo calculate the number of days of financial reserves available to cover expenses, multiply the financial reserves ratio by 365 days What is your reaction to the board of directors decision to use, for operating purposes , the \$100,000 net assets with donor restrictions provided by a donor for building expansion ? What amount of United Way funds would you recommend be allocated to the camp for year 2024Explain your recommendation

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