Compare the gross profit percent, average markup percent, and ratio of sales to assets for Deere & Company and Caterpillar Inc. using the results of MBA 4-7 and MBA 4-8. Comment on any differences.

Data From MBA 4-8:

Caterpillar Inc. (CAT) produces and sells various types of equipment, including tractors, loaders, and mining equipment. The following data (in millions) were adapted from recent financial statements of Caterpillar.

                              

1. Compute the gross profit percent for Years 1 and 2. Round to one decimal place.
2. Compute the average markup percent for Years 1 and 2. Round to one decimal place.
3. Compare the results in parts (1) and (2) for Years 1 and 2. Comment on your comparison.