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Use the following information for Jett Co. to answer questions 4. 2015 2014 ...

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Accounting

Use the following information for Jett Co. to answer questions 4.

2015 2014

Sales 1,200 1,000

COGS 850 700

Operating expenses 200 200

Income taxes 30 35

4. Jett Co.'s average tax rates for 2015 and 2014 are:

a. 15.5% and 10.0%

b. 20.0% and 35.0%

c. 25.8% and 35.4%.

d. 31.4% and 36.8%.

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