Question
Mariota Industries has sales of $382,080 and costs of $203,890. The company paid $32,390 in interest and $14,500 in dividends. It also increased retained earnings
Mariota Industries has sales of $382,080 and costs of $203,890. The company paid $32,390 in interest and $14,500 in dividends. It also increased retained earnings by $69,626 during the year. If the company's depreciation was $19,820, what was its average tax rate?
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
