From the following financial values, calculate:

a)Claims Ratio

b)Expense Ratio

c)Combined Ratio

d)Return on Revenue

e)Return on Assets

Assignment Question(s): Q1. From the following financial values, calculate: (3 marks) a) Claims Ratio b) Expense Ratio c) Combined Ratio d) Return on Revenue e) Return on Assets Particulars Amounts ($) Net Claim Incurred 175,000 Earned Contribution 405,000 Wakalah Fee 35,000 Commission Paid 2.200 Management Expense 22,000 Net Contribution 425,000 Gross Contribution 622,000 Total Profit for the Year 235,000 General Takaful Assets (Year 2010) 910,000 General Takaful Assets (Year 2011) 995.000