Question: Ross & Watson sells padlocks. It reported an increase in net sales from $5.1 billion in 2017 to $5.4 billion in 2018, and an increase

Ross & Watson sells padlocks. It reported an increase in net sales from $5.1 billion in 2017 to $5.4 billion in 2018, and an increase in gross profit from $1.6 billion in 2017 to $1.8 billion in 2018. Calculate each year's gross profit percentage. (Round your answers to 1 decimal place.) The change in gross profit represents

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