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Ver ratio; Dividend yield ratio; Price earnings ratio. (1 mark) (2 marks) (1 mark) (1 mark) (2 marks) (1 mark) (2 marks) (1 mark) (1 mark) (2 marks) Comment on Golden Times Ltd. Liquidity stating the reference points to which relevant ratios can be compared. (6 marks) (Total: 20 marks) NUMBER THREE (a) Briefly explain the following terms as used by insurance companies: (i) (ii) (iii) (b) Whole life policy; Endowment policy; Surrender value (1 mark) (1 mark) (1 mark) The following balance.

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