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Prestige Worldwide has no debt. Gross margin is 55%, operating (EBIT) margin is 34% and net profit margin is 18%. What is the tax rate?

Prestige Worldwide has no debt. Gross margin is 55%, operating (EBIT) margin is 34% and net profit margin is 18%. What is the tax rate? HINT: Set revenue equal to an arbitrary $1000.

	32%
	53%
	47%
	18%

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