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In the year ended February 2, 2019, Macy's reported cost of goods sold (before shrinkage) of $15.2 billion; February 2, 2019, inventory of $5.3 billion;
In the year ended February 2, 2019, Macy's reported cost of goods sold (before shrinkage) of $15.2 billion; February 2, 2019, inventory of $5.3 billion; and ending inventory for the previous year (February 3, 2018) of $5.2 billion. Required: If the cost of inventory purchases was $15.5 billion, what was the cost of shrinkage during the year ended February 2, 2019? (Enter your answer in billions rounded to 1 decimal place.) Cost of Shrinkage billion
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