What is great lakes effective tax rate


Great Lake Inc.'s 2010 financial statements show operating profit before tax of $894,726, net income of $149,836, provision for income taxes of $41,328 thousand and net nonoperating expense before tax of $53,828 thousand. Great Lakes statutory tax rate for 2010 is 35%. What is Great Lake's effective tax rate?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is great lakes effective tax rate
Reference No:- TGS055911

Expected delivery within 24 Hours