At December 31,2013,Yorktown's pension fund had net assets available for benefits of $12 million.Its actuarial accrued liability at that time was $16 million.For the year ended December 31,2013,its pension fund had paid $3 million in pension benefits.Yorktown's salaries for the year were $18 million.What was Yorktown's funded ratio?
A)67%
B)75%
C)89%
D)400%

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The Answer of At December 31,2013,Yorktown's pension fund had net assets available for benefits of $12 million.Its actuarial accrued liability at that time was $16 million.For the year ended December 31,2013,its pension fund had paid $3 million in pension benefits.Yorktown's salaries for the year were $18 million.What was Yorktown's funded ratio?
A)67%
B)75%
C)89%
D)400%

At December 31,2013,Yorktown's Pension Fund Had Net Assets Available for Benefits