Fill in the missing number, indicated by capital letters, in the following reformulated income statement. Amounts are in millions of the dollars. The firm€™s marginal tax rate is 35 percent.

What is the firm€™s effective tax rate on operatingincome?

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Operating revenues Cost of sales Other operating expenses Operating income before tax Tax as reported Tax benefit of interest expense Operating income after tax Interest expense before tax Tax benefit interest expense after tax Ccmprehensive income 5,523 3,121 1,429 42 610