Hill Company Has Reported the Following Information on Their Income

question 5

Not Answered

Hill Company has reported the following information on their income statements for the years 2008 through 2012:
$$\begin{array} { l r r r r r } & \underline { 2012 } & \underline { 2011 } & \underline { 2010 } & \underline { 2009 } & \underline { 2008 } \\\text { Net Sales } & \$ 11,332 & \$ 11,862 & \$ 11,170 & \$ 11,038 & \$ 9,932 \\\text { Cost of Goods Sold } & 7,815 & 8,321 & 8,191 & 7,710 & 6,892\end{array}$$ A.Compute the gross profit percentage for each year.
B.Has the gross profit ratio for Hill improved over time or worsened? Explain your answer.

---

Definitions:

Zinacantec Mayan

A reference to the people or culture of the Zinacanteco, an indigenous group in the highlands of Chiapas, Mexico.

Concrete Operational

A stage in Piaget's theory of cognitive development, typically occurring between ages 7 and 12, when children gain the ability to think logically about concrete events.

Weaving Practices

The methods and techniques used in the craft of creating textiles or fabric by interlacing threads or yarn.

Knowledge Base

The collection of information, facts, and principles acquired through experience or education.