Question
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,
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.
How do you calculate the Gross Profit Percentage?
% 2015
% 2014
determine whether the change in gross profit represents?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
