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Q3. 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

Q3. 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

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 1P
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Q3. 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:

  1. Return on Assets
  2. Quick Liquidity
  3. Surplus Distribution Ratio
  4. Expense Ratio
  5. Claims Ratio

This all question nothing more

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