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?

Answer rating: 100% (QA)

First we need to calculate the value of the insurers assets Solvency Ra... View the full answer