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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.

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.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter4: Financial Planning And Forecasting
Section: Chapter Questions
Problem 7P
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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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