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Talja [164]
3 years ago
11

A recent physical inventory at a department store reports a merchandise value of $875,435. The merchandise book value was $907,3

40. 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.)
Mathematics
1 answer:
HACTEHA [7]3 years ago
5 0

Answer:

1.6% shrinkage

Step-by-step explanation:

907,340 - 875,435 = 31,905

31,905 / 1,988,345 = .0160  = 1.6%

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Step-by-step explanation:

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