A company grosses $100 million per year and shows a 12 percent profit. It hires a security director, a security staff, and security equipment, which costs the company $2 million per year but reduces its losses, or "shrinkage," from 9 percent to 5 percent of the gross. How much money is the company?

Answer rating: 100% (QA)

Answer The company is saving 4 million per year by reducing its shrinkage from 9 ... View the full answer