XYZ Company has the following financial data: Particulars Amounts (SAR) Total Profit for the Year 377,500
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Question:
XYZ Company has the following financial data:
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:
- Return on Assets
- Quick Liquidity
- Surplus Distribution Ratio
- Expense Ratio
- Claims Ratio
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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