Question $9$

Flingen Inc. reveals the following information in their annual report for

FY $2023$

What is Flingen's projected profit margin for $2024,$ assuming they plan

to reduce cost of goods sold by $2\mathrm{.}0\%$ for the coming year while

maintaining the same sales revenue? $($Please round answer to nearest

whole percentage$).$

$14\%$

$16\%$

$9\%$

$10\%$