Mattel Inc

Multiple Choice

Mattel Inc.'s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,022 thousand, provision for income taxes of $91,720 thousand and net nonoperating expense before tax of $109,491 thousand. Assume Mattel's statutory tax rate for 2016 is 37%.
Mattel's 2016 effective tax rate is:

A) 22.4%
B) 37.0%
C) 19.4%
D) 17.7%
E) None of the above