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Use the following information for Jett Co. 2015 2014 Sales 1,200 1,000 SMM 850 700 Operating expenses 200 200 Income taxes 30 35 Calculate Jett

Use the following information for Jett Co. 

                                         2015                   2014

Sales                               1,200                    1,000

SMM                                 850                       700

Operating expenses       200                        200

Income taxes                  30                             35

 

Calculate Jett Co.'s average tax rates for 2015 and 2014.

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