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In fiscal 2015, Madi's reported cost of goods sold (before shrinkage) of $17.3 billion, ending inventory for 2015 of $8.7 billion, and ending inventory for
In fiscal 2015, Madi's reported cost of goods sold (before shrinkage) of $17.3 billion, ending inventory for 2015 of $8.7 billion, and ending inventory for the previous year (2014) of $8.4 billion. Required: If the cost of inventory purchases was $18.2 billion, what was the cost of shrinkage during 2015? (Enter your answer in billions rounded to 1 decimal place.) Cost of Shrinkage billion
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