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Takaful company has the following information: Net claim incurred SR 100 Average assets SR 1500 Total expenses SR 200 Net income SR 100 Gross contributions
Takaful company has the following information:
- Net claim incurred SR 100
- Average assets SR 1500
- Total expenses SR 200
- Net income SR 100
- Gross contributions SR 600
- Net investment income SR 70
- Average investment accounts SR 300
- Short-term liabilities SR
- Contributions receivable SR 10
What is return on assets?
| a. | 10% | |
| b. | 6.6 % | |
| c. | 15% | |
| d. | 20% |
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Debra Good
14th Canadian Edition
0135222419, 978-0135222416
