Testing relationships in reformulated income statements, Finance Basics

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Testing relationships in reformulated income statements

Question: Testing Relationships in Reformulated Income Statements (Medium) Fill in the missing numbers, indicated by capital letters, in the following reformulated income statement. Amounts are in millions of dollars. The firms marginal tax rate is 35 percent.

What is the firms effective tax rate on operating income?

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Finance Basics: Testing relationships in reformulated income statements

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