2009 Best Practices Study Agencies with Revenues over $25,000,000
	Financial Stability   Average Top 25% Balance Sheet Current Ratio 1.18:1 1.59:1 Tangible Net Worth (% of Net Revenue) 6.6% 24.5% Receivables/Payables Ratio 59.2% 24.1% Aged Receivables % Receivables Aged Past 60 Days 5.9% 1.3% % Receivables Aged Past 90 Days 3.1% 0.8% Accounts Receivable   Average +25% Profit +25% Growth Agency Billed vs. Direct Billed by Carrier % of P&C Revenues that are Agency Billed 51.2% 38.9% 58.0% % of P&C Revenues that are Direct Billed 41.4% 46.8% 42.0%
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