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Marcy's, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarter report, the company reported Cost of Goods Sold
Marcy's, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarter report, the company reported Cost of Goods Sold of $2,400 million, ending inventory for the third quarter of $3,500 million, and ending inventory for the previous quarter of $3,100 million.
Estimate merchandise purchases for the third quarter. (Enter your answer in millions.)
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