The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end of 2010 and…

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The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during the year ending in either 2010 or 2011. All values are in thousands of dollars.

 

  Revenue $3,300   $3,400  
  Cost of goods sold 1,250   1,350  
  Depreciation 430   450  
  Inventories 385   520  
  Administrative expenses 430   480  
  Interest expense 80   80  
  Federal and state taxes* 330   350  
  Accounts payable 385   520  
  Accounts receivable 502   620  
  Net fixed assets† 4,300   5,030  
  Long-term debt 1,300   1,700  
  Notes payable 1,085   770  
  Dividends paid 270   270  
  Cash and marketable securities 730   230  

 

* Taxes are paid in their entirety in the year that the tax obligation is incurred.
† Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.

 

What was the firm’s average tax bracket for each year? (Round your answers to 2 decimal places.)

 

  Average Tax Bracket
  2010 [removed] %      
  2011 [removed] %      

 

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