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vovikov84 [41]
3 years ago
8

Granite Insurance Company"s combined ratio 2 years ago was 1.035. A review of that year"s financial statements showed the compan

y paid $4.5 million in income taxes, Why was the company required to pay income taxes when its underwriting activities produced a loss, as measured by the combined ratio found in question 19?
Social Studies
1 answer:
maria [59]3 years ago
6 0
The rotio is 2 to one and 2 million dallors
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