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Assuming a tax rate of 2 0 % , Sherwin Williams paid tax cumulatively ( i . e . , since they adopted LIFO )

Assuming a tax rate of 20%, Sherwin Williams paid
tax
cumulatively (i.e., since they adopted LIFO) because they used LIFO rather than
FIFO to value its Inventories.
$159 million less
$793 million less
$40 million more
$40 million less
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