Determine percentage of total revenue expended on taxes

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Reference no: EM131115086

A division of Hanes has the following data at the end of a year.

Total revenue = $48 million Depreciation = $8.2 million Operating expenses = $28 million

For an effective federal tax rate of 35% and state tax rate of 6.5%, determine

(a) CFAT,

(b) percentage of total revenue expended on taxes

Reference no: EM131115086

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