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In fiscal 2011, Lowell Corp. reported a statutory tax rate of 35.0%, an effective tax rate of 11.0% and a tax rate on operating profit

In fiscal 2011, Lowell Corp. reported a statutory tax rate of 35.0%, an effective tax rate of 11.0% and a tax rate on operating profit of 16.94%. The 2011 income statement reported income tax expense of $1,546.6 million. What did Lowell report as income before income tax expense that year? A. $14,060 million B. $28,071 million C. $29,050 million D. $ 7,571 million E. None of the above

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