Question 4 Randall Renters has 3 rental properties with the following rental revenue, expenses and profits. Property #1 Property #2 Property #3 Rental Revenue $24,000 $7,800 $4,200 Expenses $7,200 $7,200 $7,200 Profit or (Loss) $16,800 $600 ($3,000) If the manager claims that approximately 116% of total profits came from Property #1, what is wrong with this statement? The percentage should be greater than 200%. The manager should not include the profit of Property #1 in the denominator. The manager should not include the profits of Property #2 in the denominator. The manager should not include the loss of Property #3 in the denominator... The percentage should be out of 100. 1 ntc 1 pts