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Calculate each year gross profit percentage

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Question - Family Home & Security Incorporated sells padlocks. It reported an increase in net sales from $4.2 billion in 2017 to $4.5 billion in 2018, and an increase in gross profit from $1.2 billion in 2017 to $1.4 billion in 2018.

Required -

1. Calculate each year's gross profit percentage.

2. The change in gross profit represents.

Reference no: EM133172384

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