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The Food division of Garcia Company reports the following for the current year Garcia wants to achieve at least a 10% profit margin next year.

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The Food division of Garcia Company reports the following for the current year Garcia wants to achieve at least a 10% profit margin next year. Two altemative strategies are proposed. Strategy 1: Increase advertising expenses by $225,000. The company expects this to increase sales by $780,000. Cos of goods sold will not change. Strategy 2: Develop a more efficient manufacturing process. This will decrease cast of goods sold by $162.400. a. For each strategy, compute the profit margin expected for next year, b. Which strategy should Garcia choose based on expected profit margin? Complete this question by entering your answers in the tabs below. For each strateoy, compute the profit margin expected for next year. (Round your aniswers to one decimal place.)

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