(v) From your dataset calculate financial leverage (Total liabilities/Total assets). a. Comment on the financial leverage of the company b. Discuss some advantages and disadvantages of financial leverage c. Discuss how financial leverage can have an impact on the stock price of your company? (vi) From your dataset calculate solvency ratio for the respective years "Solvency ratio is calculated as the amount of Available Solvency Margin (ASM) in relation to the amount of Required Solvency Margin (RSM). The ASM is the value of the company's assets over liabilities, and RSM is based on net premiums" a. Comment on the solvency ratio for your company Done Sheet1 Group Details Underwriting Data Collection Template.xlsx Unearned Incurred Admitted Loans (Part of Company provisions as per Premium But Not Claims balance sheet Provisions Reported Other Current assets Fixed Assets Intangible Assets Total Assets 2016 BSP LIFE N.A NA NA NA 2017 BSP LIFE N.A NA NA NA $54.995,000.00 $49,673,000.00 2018 BSP LIFE NA NA NA NA 2019 BSP LIFE N.A NA NA NA 2020 BSP LIFE NA NA NA NA $469,159,000.00 $46,833,000.00 $9,243,000.00 $890,000.00 $526,736,000.00 $56,011,000.00 $1,438,000.00 $11,271,000.00 $616,464,000.00 $72,509,000.00 $19,861,000.00 $1,305,000.00 $10,355,000.00 $659,263,000.00 $71.648.000.00 $29,682,000.00 $2.191,000.00 $7,256,000.00 $694,915,000.00 $73,626,000.00 $47,591,000.00 $2.456,000.00 $4,081,000.00 $581,120,000.00 5645,129,000.00 $720,794,000.00 $770,040,000.00 $822,671,000.00 Done Data Collection Template.xlsx Other Provisions (Liability) Sheet1 Group Details Borrowings Net Net NON- Net Earned Total Liabilities Contingent Liability Total Equity Premium Toome Claims Underwriting Underwriting Premiums Incurred Expenses Surplus Deficit underwriting Management ACN income expenses $20,952,000.00 $484,988,000.00 $505,940,000.00 $580,000.00 $75,180,000.00 N.A NA NA NA NA NA NA 0 $16,233,000.00 $546,344,000.00 $562,577,000.00 $645,000.00 $82,552,000.00 N.A NA NA NA NA NA NA 0 $20,030,000.00 $613,798,000.00 $633,828,000.00 $530,000.00 $86,966,000.00 N.A NA NA NA NA NA NA 0 $20,517,000.00 $666,278,000.00 $686,795,000.00 $552,000.00 $83,245,000.00 N.A NA NA N.A NA NA NA 0 $22,558,000.00 $715,522,000.00 $738,080,000.00 $552,000.00 $84,591,000.00 N.A NA N.A NA NA N.A NA Data Collection Template.xlsx Net Total Liabilities Contingent Liability Total Equity Premium Net Earned Premiums Isome Net Claims Incurred NON- Underwriting Underwriting Management/AdNet profit before Expenses Surplus/Deficit underwriting Net profit after tax expenses tax income $505,940,000.00 $562,577,000.00 $633,828,000.00 $686,795.000.00 $738,080,000.00 $580,000.00 $75,180,000.00 N.A NA NA NA NA NA NA $16,046,000.00 $15,924,000.00 5645,000.00 $82,552,000.00 N.A NA NA NA NA NA NA $26,104,000.00 $22,208,000.00 $530,000.00 $86,966,000.00 N.A NA NA NA NA NA NA $25,359,000.00 $21,835,000.00 $552,000.00 $83,245,000.00 N.A NA NA NA NA NA NA $552.000.00 $84,591,000.00 N.A NA NA NA NA NA NA $16,495,000.00 $20,929,000.00 $20,409,000.00 $15,306,000.00 Done Sheet1 Group Details 88888