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12-11-2016
Social Studies

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

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16-11-2016

the rotio is 2 to one and 2 million dallors

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