Alpha Company's target range for its total operating expense ratio is between 28.0% and 30.0%. A decline in its operating expense ratio from 32.1% to 30.8% is a favorable trend.

Question

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A decline in the operating expense ratio from 32.1% to 30.8% indicates that the company is moving towards its target range of 28.0% to 30.0%, which is a favorable trend as it implies improved efficiency in managing operating expenses.

Alpha Company's Target Range for Its Total Operating Expense Ratio