Billing's Pit Corporation has an accounts receivable turnover ratio of 3.4. What is Billing's Pit Corporation's average collection period?

What does the loss ratio measure in any particular year?

A. Payouts on policies to premiums earned. B. Amount of premiums earned relative to the payout on policies. C. Overall underwriting profitability of a line. D. Loss adjustment expenses to premiums earned. E. Commission and other acquisition costs to premiums written.

A property manager, in fulfilling his/her duties to the principal, would want to make sure there was an insurance policy in place to cover:

(a) Mortgage (b) E & O (c) Liability (d) Workers' Compensation