G. R. Edwin Inc. had sales of $5.97 million during the past year. The cost of goods
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Question:
G. R. Edwin Inc. had sales of $5.97 million during the past year. The cost of goods sold amounted to $2.6
million. Operating expenses totaled $2.47 million, and interest expense was $27,000.
What are the firm's average and marginal tax rates?
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