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  3. Study Set
    Understanding Financial Statements Study Set 1
  4. Exam
    Exam 3: Income Statement and Statement of Stockholders Equity
  5. Question
    The Effective Tax Rate Is Calculated by Dividing Operating Profit
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The Effective Tax Rate Is Calculated by Dividing Operating Profit

Question 8

Question 8

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The effective tax rate is calculated by dividing operating profit by income tax expense.

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