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Fortune Brands Home & Security, Inc.sells Master Lock padlocks. It reported an increase in net sales from $4.5 billion in 2011 to $4.8 billion in

Fortune Brands Home & Security, Inc.sells Master Lock padlocks. It reported an increase in net sales from $4.5 billion in 2011 to $4.8 billion in 2012, and an increase in gross profit from $1.3 billion in 2011 to $1.5 billion in 2012.

a.	Calculate each years gross profit percentage. (Round your answers to 1 decimal place.)

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