Question
Q3. XYZ Company has the following financial data: Particulars Amounts (SAR) Total Profit for the Year 377,500 General Takaful Assets (Year 2014) 1,390,000 General Takaful
Q3. XYZ Company has the following financial data:
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
This all question nothing more
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