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What average rate did cedarbrook pay taxes

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Question 1: Last year, Cedarbrook Industries had sales of $421,900, costs of $304,950, and depreciation of $38,200. Its interest expense totaled $19,100. The company paid dividends of $10,000 and increased retained earnings by $23,770. At what average rate did Cedarbrook pay taxes?

Reference no: EM132488891

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