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Garcia industries sells padlocks. it reported an increase in net sales from $5.3 billion in 2017 to $5.6 billion in 2018 and an increase in gross profit from $1.5 billion in 2017 to $1.7 billion in 2018

Garcia Industries sells padlocks. It reported an increase in net sales from $5.3 billion in 2017 gross profit from $1.5 billion in 2017 to $1.7 billion in 2018. 1. Calculate each year's gross profit percentage. (Round your answers to 1 decimal place.) 2. The change in gross profit represents: 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 2017 % % Gross Profit Percentage