Question Six: The Financial Statement of your company shows that your profit is $20,000 (as shown in the table below) inadequate for expanding your business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. If you would like to improve the profit line to $30,000 so you can obtain the bank's approval for the loan. ITEM Sales Cost of supply chain purchases Other production costs Fixed costs Proft Dollar $ % of sale 400,000 100% 300,000 75.0% 40,000 10.0% 40,000 10.0% 20,000 5.0% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $30,000? What is the cost of material with a $30,000 profit? b) What percentage improvement is needed in a sales strategy for profit to improve to $30,000? What must sales be for profit to improve to $30,000? off osin