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In 2018, Alpha Company had $48,300,000 in Sales/Revenues, $15,600,000 in Costs of Goods Sold (COGS), $4,000,000 in Sales, General, and Administrative (SG&A) expenses, $2,600,000

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In 2018, Alpha Company had $48,300,000 in Sales/Revenues, $15,600,000 in Costs of Goods Sold (COGS), $4,000,000 in Sales, General, and Administrative (SG&A) expenses, $2,600,000 in Depreciation expenses, $530,000 in interest payment, and $3,585,000 in taxes. The firm also paid $2,100,000 in dividends to shareholders that year. Given the facts above, what was the average tax rate of the firm in 2018? 16.58% 14.02% 15.11% 17.11% Question 16 2.5 pts In 2018, Alpha Company had $48,300,000 in Sales/Revenues, $15,600,000 in Costs of Goods Sold (COGS), $4,000,000 in Sales, General, and Administrative (SG&A) expenses, $2,600,000 in Depreciation expenses, $530,000 in interest payment, and $3,585,000 in taxes. The firm also paid $2,100,000 in dividends to shareholders that year. Given the facts above, ny how much did Alpha Company's Retained Earnings increase in 2018? $21,985,000 $19,885,000 O $24,256,000 O $16,250,000

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