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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
- Net contributions SR 550
What is expense ratio?
| a. | 40% | |
| b. | 30% | |
| c. | 36.3% | |
| d. | 50% |
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Financial And Managerial Accounting For MBAs
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
5th Edition
