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Use the following information for Jett Co. to answer questions 4. 2015 2014 Sales 1,200 1,000 COGS 850 700 Operating expenses 200 200 Income taxes
Use the following information for Jett Co. to answer questions 4.
2015 2014
Sales 1,200 1,000
COGS 850 700
Operating expenses 200 200
Income taxes 30 35
4. Jett Co.'s average tax rates for 2015 and 2014 are:
a. 15.5% and 10.0%
b. 20.0% and 35.0%
c. 25.8% and 35.4%.
d. 31.4% and 36.8%.
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