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6. A firm's income statement included the following data. The firm's average tax rate was 20%. What were Revenue and Net income? a. Revenue =$12,000
6.
A firm's income statement included the following data. The firm's average tax rate was 20\%. What were Revenue and Net income? a. Revenue =$12,000 and Net income $9600 b. Revenue =$24,000 and Net income =$9400 c. Revenue =$18,000 and Net income =$9600 d. Revenue =$24,000 and Net income =$12,000 e. Revenue =$12,000 and Net income =$4800 Step by Step Solution
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