Problem 3-38 Tax Rates (LO4) The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 $4,800 1,900 410 $4,900 Revenue Cost of goods sold 2,000 430 Depreciation Inventories 250 310 Administrative expenses 530 580 Interest expense 300 300 Federal and state taxes Accounts payable Accounts receivable 470 490 250 300 400 475 5,400 6,260 Net fixed assets 2,800 Long-term debt Notes payable Dividends paid 2,500 850 540 500 500 Cash and marketable securities 860 400 *Taxes are paid in their entirety in the year that the tax obligation is incurred. t T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. What was the firm's average tax bracket for each year? (Enter your answers as a percent rounded to 1 decimal places.) 2018 2019 Average tax rate % $ 2.5