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Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100 Cash SR 50 Short-term investment SR 150 Average assets SR
Takaful company has the following information:
- Earned contributions SR 500
- Net claim incurred SR 100
- Cash SR 50
- Short-term investment SR 150
- Average assets SR 1500
- Total expenses SR 200
- Net income SR 100
- Gross contributions SR 600
- Average investment accounts SR 300
- Contributions receivable SR 10
What is assets turn over?
| a. | 20% | |
| b. | 50% | |
| c. | 40% | |
| d. | 30% |
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Woody Liao, Andrew Schiff, Stacy Kline
6th Edition
1516551702, 9781516551705
