A company reported an increase in net sales from $ 4.3 billion in 2014 to $ 4.6 billion in 2015, and an increase in gross profit from $1.3 billion in 2014 to $1.5 billion in 2015. Calculate each year's profit percentage.
A company reported an increase in net sales from $ 4.3 billion in 2014 to $ 4.6 billion in 2015, and an increase in gross profit from $1.3 billion in 2014 to $1.5 billion in 2015. Calculate each year's profit percentage.
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 7EP
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Transcribed Image Text:A company reported an increase in net
sales from $ 4.3 billion in 2014 to $ 4.6
billion in 2015, and an increase in gross
profit from $1.3 billion in 2014 to $1.5 billion
in 2015.
Calculate each year's profit percentage.
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