Question: Please help me! I could not find out the answer. Thanks In 2013, Macy's reported cost of goods sold of $18.4 billion, ending inventory for
Please help me! I could not find out the answer.
Thanks
In 2013, Macy's reported cost of goods sold of $18.4 billion, ending inventory for 2013 of $8.4 billion, and ending inventory for the previous year (2012) of $7.8 billion. If the cost of inventory purchases was $19.4 billion, what was the cost of shrinkage during 2013? (Enter your answer in billions rounded to 1 decimal place.)
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