A recent physical inventory at a department store reports a merchandise value of $976,454. The merchandise book value was $1,150,450. The merchandise sales were $2,950,675. What is the shrinkage as a percentage of sales?.

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01-12-2022
Business

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A recent physical inventory at a department store reports a merchandise value of $976,454. The merchandise book value was $1,150,450. The merchandise sales were $2,950,675. What is the shrinkage as a percentage of sales?.

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