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Current Attempt in Progress Patricia was proud of the consulting business she had grown over the past few years. She provided her clients with expertise
Current Attempt in Progress Patricia was proud of the consulting business she had grown over the past few years. She provided her clients with expertise in information technology, corporate governance/risk management, and operational efficiency. As word of mouth spread the positive effects of her services, Patricia wanted to position her business to best attract new clients while maximizing her profitability. If she could increase profit, she could expand into additional expertise areas as well. She considered the most recent profitability report for her company, as follows. Patricia also wondered if she should take a closer look at her overall selling, general, and administrative costs. While they supported the entire company, she knew that a better understanding of their impact on each segment would aid future planning. Her team studied each line item within the income statement's selling, general, and administrative category. She further asked the team to group these costs into homogeneous pools and discern the best allocation base for each. The results are presented here. Calculate the gross margin percentage for each segment and for the company overall. (Round answers to 2 decimal places, e.g. 15.25\%.)
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