TechGrow Solutions reported an increase in net sales from $2.8 billion in 2022 to $3.2 billion in 2023, and an increase in gross profit from $0.9 billion in 2022 to $1.1 billion in 2023. Calculate each year's profit percentage.

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Chapter11: Investment Planning
Section: Chapter Questions
Problem 7FPE: Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for...
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TechGrow Solutions reported an increase in net sales
from $2.8 billion in 2022 to $3.2 billion in 2023, and an
increase in gross profit from $0.9 billion in 2022 to $1.1
billion in 2023. Calculate each year's profit percentage.
Transcribed Image Text:TechGrow Solutions reported an increase in net sales from $2.8 billion in 2022 to $3.2 billion in 2023, and an increase in gross profit from $0.9 billion in 2022 to $1.1 billion in 2023. Calculate each year's profit percentage.
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