ABCDE Corp. had $25,000,000 in revenues (sales), $6,500,000 in costs of goods sold, $3,500,000 in SG&A...

 

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ABCDE Corp. had $25,000,000 in revenues (sales), $6,500,000 in costs of goods sold, $3,500,000 in SG&A expenses, $3,000,000 in depreciation expenses, $2,000,000 in interest expenses, and $1,854,000 in tax expenses. The firm held $35,244,000 in total assets and $17,256,000 in total debts. What was the firm's average tax rate? ABCDE Corp. had $25,000,000 in revenues (sales), $6,500,000 in costs of goods sold, $3,500,000 in SG&A expenses, $3,000,000 in depreciation expenses, $2,000,000 in interest expenses, and $1,854,000 in tax expenses. The firm held $35,244,000 in total assets and $17,256,000 in total debts. What was the firm's average tax rate?

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