Mattle Incs 2013 financial statements show operating profit before tax of $1,168,103 thousand, net income of $903,944 thousand, provision for income taxes of $195,184 thousand and net operating expense before tax of $68, 975 thousand. Assume Mattels statutory tax rate for 2013 is 37%, Mattels 2013 effective tax rate is:

a) 17.8%

b) 37.0%

c) 19.4%

d) 16.7%

e) None of the above