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Flingen Inc. reveals the following information in their annual report for FY 2 0 2 3 Selected Income Statement Items: Sales $ 7 , 0
Flingen Inc. reveals the following information in their annual report for FY
Selected Income Statement Items:
Sales $
Cost of goods sold $
Pretax earnings $
Selected Balance Sheet Items:
Merchandise inventory $
Total assets $
What is Flingen's projected profit margin for assuming they plan to reduce cost of goods sold by for the coming year while maintaining the same sales revenue? Please round answer to nearest whole percentage
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