Hau lee furniture, inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $35 comma 000 inadequate. the bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. hau would like to improve the profit line to $40 comma 000 so he can obtain the bank's approval for the loan. current situation sales $140 comma 000 cost of material $70 comma 000 (50%) production costs $28 comma 000 (20%) fixed cost $7 comma 000 (5%) profit $35 comma 000 (25%) a) what percentage improvement is needed in the supply chain strategy for profit to improve to $40 comma 000? what is the cost of material with a $40 comma 000 profit? a decrease of 7.14% in material (supply-chain) costs is required to yield a profit of $40 comma 000, for a new material cost of $ 65000. (enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.) b) what percentage improvement is needed in the sales strategy for profit to improve to $40 comma 000? what must sales be for profit to improve to $40 comma 000? an increase of nothing% in sales is required to yield a profit of $40 comma 000, for a new new level of sales of $ nothing. (enter your response for the percentage increase to one decimal place and enter your response for the new sales as a whole number.)