What is the profit margin if the tax rate is 35 percent

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Tally Ho Inn has annual sales of $737,000. Earnings before interest and taxes is equal to 21 percent of sales. For the period, the firm paid $7,900 in interest. What is the profit margin if the tax rate is 35 percent? 12.46 percent 12.95 percent 13.33 percent 15.29 percent 16.11 percent.

Reference no: EM13574664

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