Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R):
Assertion (A): A high operating ratio indicates a favourable position.
Reasoning (R): A high operating ratio leaves a high margin to meet non-operating expenses. In the context of the above two statements, which of the following is correct?
Code:
(A) (A) and (R) both are correct and (R) correctly explains (A).
(B) Both (A) and (R) are correct but (R) does not explain (A).
(C) Both (A) and (R) are incorrect.
(D) (A) is correct but (R) is incorrect.
(C) Both (A) and (R) are incorrect.