Transcribed Image Text
In: AccountingCompare the financial performance of the twoorganizations and provide suggestions (based on the comparison) for...Compare the financial performance of the twoorganizations and provide suggestions (based on the comparison) forthe Walden Conservatory of Music, both from a financial andoperational perspective. In Memo Format.New England Conservatory of Music (NEC) Based on 2017Form 990Liquid Funds Indicator = 4.25 monthsDebt to Asset Ratio= 18.9%Debt to NA ratio = 123.9%Program Service Ratio = 85.9%Savings Indicator = 22.5%Current Ratio = 3.45Defensive Interval = 3.24Liquid Funds Amount = ($111,359,654)Return on Investment = 4.94%Times Interest Earned Ratio = 22.2Walden Conservatory of Music Based on 2017 Form990Liquid Funds Indicator: 1.52months  Debt to Asset Ratio: 18.3%Debt to NA Ratio: 22Program Service Ratio: 75.9%Savings Indicator: 4.12%Current Ratio: 2.34Defensive Interval: 2.43Liquid Funds Amount: ($580,418)Return on Investment: 6.9%Times Interest Earned Ratio: 6.36