What is the average tax rate for 2018  please explain briefly. I prefer with an excel spreadsheet showing the equations    Thank you,

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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What is the average tax rate for 2018 
please explain briefly. I prefer with an excel spreadsheet showing the equations 

 

Thank you,

Net sales
Cost of goods sold
Depreciation
Earnings before interest and taxes
Interest paid
Taxable income
Taxes
Net income
RST, Inc.
2018 Statement of comprehensive income
Dividends paid
Addition to retained earnings
Cash
Accounts rec.
Inventory
Total
Net fixed assets
Total assets
RST, Inc.
Statement of financial positions as of December 31, 2017 and 2018
2017
2018
2017
$1,423
$2,196
$1,543
$5,162
$21.300
$26,462
$965 Accounts payable
$2,894 Notes payabl
$1,650 Total
$5,509 Long-term debt
$22,758 Common stock
Retained earnings
$28,267 Total liabilities and
Owner's equity
What is the average tax rate for 2018?
$1,007
$2,100
$8,769
$6,128
$1,364
$1,277
$730
$547
$186
$361
$?
$?
$3,107
$8,670
$7,200
$7,485
$26,462
2018
$2,251
$1,850
$4,101
$7,280
$9200
$7,686
$28,267
Transcribed Image Text:Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income RST, Inc. 2018 Statement of comprehensive income Dividends paid Addition to retained earnings Cash Accounts rec. Inventory Total Net fixed assets Total assets RST, Inc. Statement of financial positions as of December 31, 2017 and 2018 2017 2018 2017 $1,423 $2,196 $1,543 $5,162 $21.300 $26,462 $965 Accounts payable $2,894 Notes payabl $1,650 Total $5,509 Long-term debt $22,758 Common stock Retained earnings $28,267 Total liabilities and Owner's equity What is the average tax rate for 2018? $1,007 $2,100 $8,769 $6,128 $1,364 $1,277 $730 $547 $186 $361 $? $? $3,107 $8,670 $7,200 $7,485 $26,462 2018 $2,251 $1,850 $4,101 $7,280 $9200 $7,686 $28,267
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