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In 2022,XYZ Inc. had sales of $36.1 million, costs of goods sold of $17.4 million, Sales, General and Administrative (SG&A) expenses of $8 million, Depreciation

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In 2022,XYZ Inc. had sales of $36.1 million, costs of goods sold of $17.4 million, Sales, General and Administrative (SG\&A) expenses of $8 million, Depreciation expenses of $5.9 million, Interest expenses of $800,000, Tax expenses of $778,500, Dividend Payments of $500,000, total debt of $15 million, and total assets of $26 million. Calculate XYZ Inc.'s Average Tax Rate as of 2022. \begin{tabular}{l} \hline 19.46% \\ \hline 18.53% \\ \hline 21.22% \\ \hline 17.35% \end{tabular} Question 11 2.5 pts Same facts as above: how much did Alpha Company's Retained Earnings increase in 2022? \begin{tabular}{r} $4,000,000 \\ $3,221,500 \\ \hline$2,721,500 \\ $3,872,950 \end{tabular}

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