XYZ Inc. has sales of $150,000,000, and a net profit margin 20%. XYZ has 4,000,000 shares outstanding and a marginal tax rate of 35%. The firm's stock trades for $142.75 per share. Calculate the firm's price to earnings ratio. (Round to 3 decimals)
ABC Co. has 20,000,000 in credit sales, 2,000,000 in cost of good sold, 1,000,000 in depreciation expense, 2,500,000 in cash, and a 500,000 interest expense. Using the US Corporate Tax Schedule from the textbook (and lecture slides), calculate the firms average tax rate. (Enter percentages as decimals, e.g. 10% equals 0.10; round to 4 decimals)