Quarry Inc. has three divisions, Boulder, Limestone and Quartz. All fixed costs are unavoidable. Following is the income statement for the previous year: Sales Variable costs Contribution Margin Fixed Costs (allocated) Profit Margin Boulder $ 503,000 194,000 309,000 265,000 $ 44,000 Limestone Quartz $ 270,500 $ 227,000 124,800 100,500 145,700 126,500 164,250 113,750 $ (18,550) $ 12,750 Total $1,000,500 419,300 581,200 543,000 $ 38,200 a. What would Quarry's profit margin be if the Limestone division were dropped? Profit Loss b. What would Quarry's profit margin be if the Quartz division were dropped? Profit Loss