Suppose franklin corporation had pre-tax income of 300000


Suppose Franklin Corporation had pre-tax income of $300,000 in 2010 and the firm would have paid $100,250 in federal income taxes. What would have been Franklin’s average income tax rate? (Round off to the nearest 0.1%)

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Financial Management: Suppose franklin corporation had pre-tax income of 300000
Reference No:- TGS01222489

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