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A new shop owner was reviewing figures with the store's accountant. Net sales for the first three months of business were $87,000 and the
A new shop owner was reviewing figures with the store's accountant. Net sales for the first three months of business were $87,000 and the book inventory was $72,000. It was noted that the physical inventory was 2.5% lower than the book inventory. Find the shortage percentage for this three-month period. 2.1% 3.7% 4.3% 3.2%
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Answer 21 To find the shortage percentage first calculate the ...Get Instant Access to Expert-Tailored Solutions
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