Exercise 22-16 (Algo) Profit margin LO A2 The Food division of Garcio Compony reports the following for the current year. Garcia whits to ochieve at least a 10% profit marpin next year. Two alternative strategies are proposed Strotegy 1 increase advertising expenses by $225.000. The company expects this to increase sales by $700.000 Cost of goods sold will not change. Strategy 2: Develop a more efficient manufocturing process. This will decrease cost of goods sold by $144,000 a. For each strategy, compute the profit margin expected for next yeer. b. Which strategy should Garcia choose bosed on expected profit margin? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the For each strategy, compute the profit margin expected for next Note: Round your answers to one decimal place. Complete this question by entering your answers in the tabs below. Which strategy should Garcia choose based on expected profit margin? Which strategy should Garcia choose based on expected profit margin