Knorr & Associates paid total taxes of $72,000 in the first year of their consulting...
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Accounting
Knorr & Associates paid total taxes of $72,000 in the first year of their consulting business.
a. What was the companys taxable income?
b. What was the average tax rate?
c. What was the estimated NOPAT for the year?
(WITH FORMULAS FOR EXCEL OR GOOGLE SPREADSHEETS)
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