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Mariota Industries has sales of $345,400 and costs of $166,650. The company paid $28,550 in interest and $13,600 in dividends. It also increased retained earnings

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Mariota Industries has sales of $345,400 and costs of $166,650. The company paid $28,550 in interest and $13,600 in dividends. It also increased retained earnings by $66.818 during the year. If the company's depreciation was $17.750, what was its average tax rate? Multiple Choice

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