A particular insurer has a solvency ratio of 0.85. The insurer experienced 405,000 in net profits and
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A particular insurer has a solvency ratio of 0.85. The insurer experienced 405,000 in net profits and 30,000 in depreciation in the last year. If the insurer has 500,750 in long-term liabilities, what was the value of the insurer's short-term liabilities last year?
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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