The Food division of Garcia Company reports the following for the current year. Sales 55 4,300,000 Cost of goods sold 2,900,000 Gross profit 1,400,000 Expenses 1,200,000 Income $ 200,000 Garcia wants to achieve at least a 10% prot margin next year. Two alternative strategies are proposed. Strategy 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 efcient manufacturing process. This will decrease cost of goods sold by $144,000. a. For each strategy, compute the prot margin expected for next year. b. Which strategy should Garcia choose based on expected prot margin? Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each strategy, compute the prot margin expected for next year. (Round your answers to one decimal place.) Prot margin Strategy 1 Strategy 2 Required 2 > The Food division of Garcia Company reports the following for the current year. Sales 55 4,300,000 Cost of goods sold 2,900,000 Gross profit 1,400,000 Expenses 1,200,000 Income $ 200,000 Garcia wants to achieve at least a 10% prot margin next year. Two alternative strategies are proposed. Strategy 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 efcient manufacturing process. This will decrease cost of goods sold by $144,000. a. For each strategy, compute the prot margin expected for next year. b. Which strategy should Garcia choose based on expected prot margin? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which strategy should Garcia choose based on expected prot margin? Which strategy should Garcia choose based on expected profit margin