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Please show work Exercise Dropping Unprofitable Department Thomas Corporation has four departments, all of which appear to be profitable except department 4. Operating data for
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Exercise Dropping Unprofitable Department Thomas Corporation has four departments, all of which appear to be profitable except department 4. Operating data for 2019 are as follows: Required a. Calculate the gross profit percentage for departments 1-3 combined and for department 4. b. What effect would elimination of department 4 have had on total firm net income? (Ignore the effect of income tax.)Step by Step Solution
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