Question
. XYZ Company has the following financial data:(1.5 marks) Particulars Amounts (SAR) Total Profit for the Year 377,500 General Takaful Assets (Year 2014) 1,390,000 General
. XYZ Company has the following financial data:(1.5 marks)
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:
a)Return on Assets
b)Quick Liquidity
c)Surplus Distribution Ratio
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