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What was the cost of shrinkage

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In fiscal 2015, Macy's reported cost of goods sold (before shrinkage) of $16.5 billion, ending inventory for 2015 of $5.5 billion, and ending inventory for the previous year (2014) of $5.4 billion.

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Problem 1: If the cost of inventory purchases was $16.9 billion, what was the cost of shrinkage during 2015? (Enter your answer in billions rounded to 1 decimal place.)

Reference no: EM132807298

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