Question
Fuller Inc. reported the following income statement data for 2013-2017. ($ in millions) 2017 2016 2015 2014 2013 Combined federal and state statutory tax rate
Fuller Inc. reported the following income statement data for 2013-2017.
| ($ in millions) | 2017 | 2016 | 2015 | 2014 | 2013 |
| Combined federal and state statutory tax rate | 37.1% | 36.9% | 36.2% | 37.0% | 36.7% |
| Pretax income | $4,960 | $4,750 | $4,880 | $4,355 | $4,637 |
| Tax provision | $1,721 | $1,653 | $1,688 | $968 | $1,610 |
What would be an appropriate tax rate for forecasting 2018 financial statements?
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Understanding financial statements
Authors: Lyn M. Fraser, Aileen Ormiston
9th Edition
136086241, 978-0136086246
