Question
Q3. XYZ Company has the following financial data: (1.5 marks) Particulars Amounts (SAR) Total Profit for the Year 377,500 General Takaful Assets (Year 2014) 1,390,000
Q3. XYZ Company has the following financial data: (1.5 marks)
| Particulars | Amounts (SAR) |
| Total Profit for the Year | 377,500 |
| General Takaful Assets (Year 2014) | 1,390,000 |
| General Takaful Assets (Year 2015) | 1,517,500 |
| Cash | 11,500 |
| Short-term Investment | 23,500 |
| Short term liabilities | 85,000 |
| Underwriting Surplus Distributable to Participants/Participants' Share of Profit | 145,500 |
| Gross Contribution | 958,000 |
| Net Contribution | 662,500 |
| Wakalah Fee | 77,500 |
| Commission Paid | 28,300 |
| Management Expense | 58,000 |
| Net Claim Incurred | 287,500 |
| Earned Contribution | 632,500 |
You are required to calculate:
- Return on Assets
- Quick Liquidity
- Surplus Distribution Ratio
- Expense Ratio
- Claims Ratio
Answer:
plagiarism IS NOT ALLOWED, USE YOUR WORDS DONT COPY AND PASTE. *(Pleas make it as a text not handwriting) if there any reference add it
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Cost Accounting
Authors: Edward B. Deakin, Michael Maher
3rd Edition
0256069190, 978-0256069198
