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2 Choi Group sells padlocks. It reported an increase in net sales from $4.7 billion in 2017 to $5.0 billion in 2018, and an
2 Choi Group sells padlocks. It reported an increase in net sales from $4.7 billion in 2017 to $5.0 billion in 2018, and an increase in gross profit from $1.5 billion in 2017 to $1.7 billion in 2018. 0 oints 1. Calculate each year's gross profit percentage. (Round your answers to 1 decimal place.) 2. The change in gross profit represents: Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate each year's gross profit percentage. (Round your answers to 1 decimal place.) 2018 Gross Profit Percentage 2017 30.4 % 28.3 % < Required 1 Required 2 > 2 Check my work
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