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Bagus Co Had Pre-Tax Cash Inflows of $1,750,000 and After-Tax Cash

Question 112

Essay

Bagus Co. had pre-tax cash inflows of $1,750,000 and after-tax cash inflows of $1,225,000 related to sales to customers for the year.
What was Bagus Co.'s tax rate?

Correct Answer:

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After tax cash inflow = Pre-ta...

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