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What was the firm tax rate

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Question - A firm had an operating profit margin of 20%, total assets turnover ratio of 5, total liabilities of $150,000, an equity multiplier of 1.5, an interest expense of $30,000, and a return on common equity of 60%. The firm had never missed any tax payment. What was the firm's tax rate?

a. 20%

b. 22.50%

c. 25%

d. 75%

e. None of the above

Reference no: EM132767589

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