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Is the Effective Tax Rate from the financial statements. It is calculated as the Tax Expense (TXT) divided by Pretax Income (PI). This ratio needs
Is the Effective Tax Rate from the financial statements. It is calculated as the Tax Expense (TXT) divided by Pretax Income (PI). This ratio needs to be limited between zero and 1. Do not do this manually, use an IF statement imbeded in another IF statement
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
16th edition
1259692396, 77862384, 978-0077862381
