Family Home & Security, Inc

Subject:AccountingPrice: Bought3

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Family Home & Security, Inc., sells Super padlocks. It reported an increase in net sales from $4.4 billion in 2014 to $4.7 billion in 2015, and an increase in gross profit from $1.4 billion in 2014 to $1.6 billion in 2015. 

 

1. Calculate each year's gross profit percentage. (Round your answers to 1 decimal place.)