Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. family home & security, inc sells super padloc

Family Home & Security, Inc sells Super padlocks. It reported an increase in net sales...

80.2K

Verified Solution

Question

Accounting

Family Home & Security, Inc sells Super padlocks. It reported an increase in net sales from $4.1 billion in 2014 to 4.4 billion in 2015, and an increase in gross profit from $1.3 billion in 2014 to $1.5 billion in 2015.

Calculate each years gross profit percentage. ( Round your answer to 1 decimal place)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

LO4 Under the cash basis of accounting, revenue is recorded whenit is received in...

Accounting
Q

1. Agile Methods Practice Problems. Complete these problems, showing your work. 1a. At the end of Day 1...

Basic Math
Q

7R Three moles of an ideal gas Cp at pressure P and temperature T is...

Physics
Q

Find the area of the rhombus 9 m 6561 m O 162 m O 13...

Geometry
Q

Write Matlab scripts that determine the zero state responses of the following systems by solving...

Basic Math
Q

State whether each equation represents a direct joint inverse or combined variation Then name the...

Algebra
Q

what is the example of product cost

Accounting
Q

Required Information [The following information applies to the questions displayed below.] The...

Accounting
Q

\table[[Month,Un Produced,Total Cost],[January,27,500,$21,500 \table[[Month,Un Produced,Total Cost],[January,27,500,21,500],[February,22,500,20,500],[March,25,000,25,000],[April,35,000,21,500],[May,47,500,25,500],[June,17,500,18,500],[July,30,000,23,500],[August,52,500,28,500],[September,37,500,26,000],[October,62,500,29,000],[November,67,500,31,000],[December,57,500,26,000]] Colculate: MIN units...

Accounting
Q

The report of an independent registered public accounting firm will contain a statement about the...

Accounting
Q

Exercise 17-9 Using departmental overhead rates to assess prices LO P2 Way Cool produces two...

Accounting
Q

On January 1, 2021. Lizzy's Lemonade issues 5%, 20-year bonds with a face amount of...

Accounting