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Hau Lee Furniture, Inc., spends 6 0 % of its sales dollars in the supply chain and finds its current profit of $ 1 0
Hau Lee Furniture, Inc., spends of its sales dollars in the supply chain and finds its current profit of $ 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 $ so he can obtain the bank's approval for the loan. Current Situation Sales $ Cost of material $ Production costs $ Fixed cost $ Profit $ Part a What percentage improvement is needed in the supply chain strategy for profit to improve to $ What is the cost of material with a $ profit? b A decrease in material supplychain costs is required to yield a profit of $ for a new material cost of $Enter your responses as whole numbers.
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