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If a company has a combined ratio of 9 5 % and an operating ratio of 1 0 0 % , which of the following
If a company has a combined ratio of and an operating ratio of which of the following is correct?
Multiple Choice
The company's total losses, expenses, and dividend payments exceeded the total premiums earned on this insurance line
The insurance line is operating at a loss
The company had a negative return on its investments
None of the above is corret
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 2
978-0134213118, 134213114, 133855384, Google Book, 978-0133855388
