Reference no: EM13481637

The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during the year ending in either 2010 or 2011. All values are in thousands of dollars. 2010 2011 Revenue $3,300 $3,400 Cost of goods sold 1,250 1,350 Depreciation 430 450 Inventories 385 520 Administrative expenses 430 480 Interest expense 80 80 Federal and state taxes* 330 350 Accounts payable 385 520 Accounts receivable 502 620 Net fixed assets† 4,300 5,030 Long-term debt 1,300 1,700 Notes payable 1,085 770 Dividends paid 270 270 Cash and marketable securities 730 230 Taxes are paid in their entirety in the year that the tax obligation is incurred. † 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?Average Tax Bracket 2010 % 2011.