A recent physical inventory at a department store reports a merchandise value of $875,435. The merchandise book value was $907,340. The merchandise sales were $1,988,345. What is the shrinkage as a percentage of sales? (Shrinkage is the difference between the book value and the merchandise value from a physical inventory.)

Question

Heather Gilbert

28 April, 17:02

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Mckenna Rocha · Answer 1

1.6% shrinkage

Step-by-step explanation:

907,340 - 875,435 = 31,905

31,905 / 1,988,345 =.0160 = 1.6%