Chapter 9
Sep 06, 2009 · Program Expense Ratio = Program Expense/Total Expense. Program expense ratio has improved from 70.4% in year 2002 to 77.4% in year 2004. It means XYZ is improving its efficiency and it will help it to raise fund in future. Revenue Expense Ratio: Revenue expense ratio tells what is company’s revenue for each dollar spent by the company. ................
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