Family Home & Security, Inc., sells Super padlocks. It reported an increase in net sales from $5.0 billion in 2014 to $5.8 billion in 2015. and an increase in gross profit from $1.4 billion in 2014 to $1.6 billion in 2015. 1. Calculate each year's gross profit percentage. (Round your answers to 1 decimal place.) 2015 2014 Gross Profit Percentage 2. Determine whether the change in gross profit represents O a decrease in gross profit per sale. O an increase in sales volume. O a decrease in gross profit per sale and an increase in sales volume.

Family Home & Security, Inc., sells Super padlocks. It reported an increase in net sales from $5.0 billion in 2014 to $5.8 billion in 2015. and an increase in gross profit from $1.4 billion in 2014 to $1.6 billion in 2015. 1. Calculate each year's gross profit percentage. (Round your answers to 1 decimal place.) 2015 2014 Gross Profit Percentage 2. Determine whether the change in gross profit represents O a decrease in gross profit per sale. O an increase in sales volume. O a decrease in gross profit per sale and an increase in sales volume.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

5- Chapter 6 H x
https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Fpost.blackboa
cer 6 Homework Assignment i
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Family Home & Security, Inc., sells Super padlocks. It reported an increase in net sales from $5.0 billion in 2014 to $5.8 billion in 2015,
and an increase in gross profit from $1.4 billion in 2014 to $1.6 billion in 2015.
1. Calculate each year's gross profit percentage. (Round your answers to 1 declmal place.)
2015
2014
Gross Profit Percentage.
2. Determine whether the change in gross profit represents
a decrease in gross profit per sale.
Oan increase in sales volume.
a decrease in gross profit per sale and an increase in sales volume.
2 of
Net >
Drev

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