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Nu Company Reported the Following Pretax Data for Its First

Question 31

Multiple Choice

Nu Company reported the following pretax data for its first year of operations. Nu Company reported the following pretax data for its first year of operations. - What is Nu's gross profit ratio if it elects LIFO? A) 80%. B) 49%. C) 40%. D) 5%.
- What is Nu's gross profit ratio if it elects LIFO?


A) 80%.
B) 49%.
C) 40%.
D) 5%.

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