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Fortune Brands Home & Security, Inc.sells Master Lock padlocks. It reported an increase in net sales from $4.9 billion in 2011 to $5.2 billion in
Fortune Brands Home & Security, Inc.sells Master Lock padlocks. It reported an increase in net sales from $4.9 billion in 2011 to $5.2 billion in 2012, and an increase in gross profit from $1.4 billion in 2011 to $1.6 billion in 2012. |
a. | Calculate each years gross profit percentage. (Round your answers to 1 decimal place.) |
Gross Profit Percentage 2012=______% Gross profit Percentage 2011=_______% |
b. | Determine whether the change in gross profit was caused by. | ||||||
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