I would like to create a formula in 2 custom fields that first appear on our Accounts page.  One currently has a picklist and the other we enter text directly.  I would like to copy both of these fields into the exact same custom field that appears on our Contacts page.  Is this possible?

I would like to create a formula in 2 custom fields that first appear on our Accounts page.  One currently has a picklist and the other we enter text directly.  I would like to copy both of these fields into the exact same custom field that appears on our Contacts page.  Is this possible?