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Question 2 (of 4) 10.00 points Fortune Brands Home & Security, Inc.sells Master Lock padlocks. It reported an increase in net sales from $5.2 billion

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Question 2 (of 4) 10.00 points Fortune Brands Home & Security, Inc.sells Master Lock padlocks. It reported an increase in net sales from $5.2 billion in 2011 to $5.5 billion in 2012, and an increase in gross profit from $1.7 billion in 2011 to $1.9 billion in 2012 a. Calculate each year's gross profit percentage. (Round your answers to 1 decimal place.) 2012 2011 Gross Profit Percentage b. Determine whether the change in gross profit was caused by O an increase in gross proft per sale. O an increase in sales volume O an increase in gross profit per sale and sales volume eBook &Resources here to search 2 4 6 7

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