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2. For a Fortune 100 company, determine the amount of intercompany revenue that has been eliminated during the consolidation process. This can be determined by analyzing the eliminations column in the segment disclosure footnote which shows total revenue before elimination of the intercompany amounts and consolidated revenue. Determine the percentage of total revenue of the operating segments that is generated from intercompany transactions. Determine the average gross profit percentage of the consolidated entity by determining gross profit as a percentage of consolidated sales. You may find a large range of profit percentages, with many in the 20-50 percent range. Thus, intercompany profit can be a significant portion of the sales made between members of the consolidated entity 2. For a Fortune 100 company, determine the amount of intercompany revenue that has been eliminated during the consolidation process. This can be determined by analyzing the eliminations column in the segment disclosure footnote which shows total revenue before elimination of the intercompany amounts and consolidated revenue. Determine the percentage of total revenue of the operating segments that is generated from intercompany transactions. Determine the average gross profit percentage of the consolidated entity by determining gross profit as a percentage of consolidated sales. You may find a large range of profit percentages, with many in the 20-50 percent range. Thus, intercompany profit can be a significant portion of the sales made between members of the consolidated entity