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Mariota Industries has sales of $385,860 and costs of $180,230. The company paid $33,030 in interest and $14,650 in dividends. It also increased retained earnings
Mariota Industries has sales of $385,860 and costs of $180,230. The company paid $33,030 in interest and $14,650 in dividends. It also increased retained earnings by $70,094 during the year. If the company's depreciation was $20,165, what was its average tax rate?
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