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Mariota Industries has sales of $358,960 and costs of $190,930. The company paid $29,830 in interest and $13,900 in dividends. It also increased retained earnings

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Mariota Industries has sales of $358,960 and costs of $190,930. The company paid $29,830 in interest and $13,900 in dividends. It also increased retained earnings by $67,754 during the year. If the company's depreciation was $18,440, what was its average tax rate? Multiple Choice 10.62% 31.82% 23.61% 31.43\% 46.67%

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