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Family Home & Security, Inc., sells Super padlocks. It reported an increase in net sales from $3.6 billion in 2014 to $3.9 billion in 2015,
Family Home & Security, Inc., sells Super padlocks. It reported an increase in net sales from $3.6 billion in 2014 to $3.9 billion in 2015, and an increase in gross profit from $1.1 billion in 2014 to $1.3 billion in 2015.
- Calculate each year's gross profit percentage.(Round your answers to 1 decimal place.)
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