2008 Best Practices Study Agencies with Revenues between $10,000,000 and $25,000,000
	Financial Stability   Average Top 25% Balance Sheet Current Ratio 1.22:1 1.79:1 Tangible Net Worth (% of Net Revenue) 10.8% 27.0% Receivables/Payables Ratio 45.3% 3.6% Aged Receivables % Receivables Aged Past 60 Days 10.9% 1.1% % Receivables Aged Past 90 Days 12.5% 1.1% Accounts Receivable   Average +25% Profit +25% Growth Agency Billed vs. Direct Billed by Carrier % of P&C Revenues that are Agency Billed 49.3% 52.9% 46.0% % of P&C Revenues that are Direct Billed 50.7% 47.1% 54.0%
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