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Mariota Industries has sales of $335,840 and costs of $177,970. The company paid $27,270 in interest and $13,300 in dividends. It also increased retained earnings
Mariota Industries has sales of $335,840 and costs of $177,970. The company paid $27,270 in interest and $13,300 in dividends. It also increased retained earnings by $65,882 during the year. If the company's depreciation was $17,060, what was its average tax rate?
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