15. This question is based on the following information from the annual statement for Logan Insurance Company. The operating ratio on a trade basis is (round to the nearest hundredth). Gross written premiums $50,000,000 Reinsurance premiums $10,000,000 Unearned premiums at the beginning of the year $10,000,000 Unearned premiums at the end of the year $15,000,000 Losses incurred $21,000,000 Loss adjustment expenses incurred $7.250,000 Underwriting expenses incurred $8,750,000 Net investment income $4,000,000