Illustrate what is great lake effective tax rate

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Reference no: EM13124654

Great Lake Inc.’s 2010 financial statements show operating profit before tax of $894,726, net income of $149,836, provision for income taxes of $41,328 thousand and net nonoperating expense before tax of $53,828 thousand. Great Lakes statutory tax rate for 2010 is 35%. What is Great Lake’s effective tax rate?

Reference no: EM13124654

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