AXA insurance company has an loss adjustment expense of 3,718, underwriting expense of 786, premiums worth 5,631, investment profits worth 450. Based on this information calculate AX's overall operating ratio?

AXA insurance company has an loss adjustment expense of 3,718, underwriting expense of 786, premiums worth 5,631, investment profits worth 450. Based on this information calculate AX's overall operating ratio?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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