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Winston Industries had sales of $843, 800 and costs of s609, 900. The firm paid $38, 200 in interest and $18,000 in dividends. It also
Winston Industries had sales of $843, 800 and costs of s609, 900. The firm paid $38, 200 in interest and $18,000 in dividends. It also increased retained earnings by $62, 138 for the year. The depreciation was $76, 400. What is the average tax rate? A) 43.39 percent B) 32.83 percent C) 33.33 percent D) 48.87 percent E) 38.17 percent You have gathered this information on JJ Enterprises
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