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Use the data below to compute 2014 Tax Rate: 2014 2013 Cash 13 18 Short-term investments 7 66 Accounts receivable 366 319 Inventories 551

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Use the data below to compute 2014 Tax Rate: 2014 2013 Cash 13 18 Short-term investments 7 66 Accounts receivable 366 319 Inventories 551 419 Property, plant & equipment (net) 925 871 Accounts payable 48 32 Short-term debt 95 65 Accrued liabilities 145 130 Long-term debt 659 581 Common stock 130 130 Retained earnings 769 712 Net revenue 3,144 2,851 Depreciation expense 114 92 Interest 89 62 Taxes 80 82 Net income 253 124 (Enter your answer as a percent with 2 decimal places but without the % symbol. For example, if you compute 25.00%, enter 25.00)

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