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Compute the maxwell effective tax rate

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Question - Maxwell's annual financial statements show operating profit before interest and tax of $524,425 thousand, net income of $321,202 thousand, provision for income taxes of $91,720 thousand and net nonoperating expense before tax of $110,586 thousand. Assume Maxwell's statutory tax rate for the year is 37%. Compute the Maxwell's effective tax rate?

Reference no: EM132825993

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