In 2013, Macy's reported cost of goods sold of $16.7 billion, ending inventory for 2013 of $7 billion, and ending inventory for the previous year (2012) of $6.6 billion.

In 2013, Macy's reported cost of goods sold of $16.7 billion, ending inventory for 2013 of $7 billion, and ending inventory for the previous year (2012) of $6.6 billion.

Required:

If the cost of inventory purchases was $17.6 billion, what was the cost of shrinkage during 2013? (Enter your answer in billions rounded to 1 decimal place.)  (amounts in billions)   Beginning Inventory $ 6.6     + Purchases   17.6     − Cost of Goods Sold   (16.7 )     Ending Inventory, Prior to Shrinkage Adjustment   7.5     Ending Inventory, as Reported (after shrinkage adjustment)   7       Shrinkage $ 0.5