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Nu Company Reported the Following Data for Its First Year

question 141

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Nu Company reported the following data for its first year of operations:  Net sales $2,800 Cost of goods sold 1,680 Operating expenses 880 Ending inventories 820\begin{array} { l r } \text { Net sales } & \$ 2,800 \\\text { Cost of goods sold } & 1,680 \\\text { Operating expenses } & 880 \\\text { Ending inventories } & 820\end{array} What is Nu's gross profit ratio?


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