Ramal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $28,800 (as shown in the statement below) inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment, Kamal would like to improve profit line to $38,800 so he can obtain the bank's approval for the loan. % of sales Sales 240,000 100% Cost of supply chain purchases 156,000 65% Other production costs 26,400 11% Fixed costs 28,800 12% Profit 28,800 12% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $38,800? What is the cost of material with a $38,800 profit? A decrease of 6.4 % in supply-chain costs is required to yield a profit of $38,800, for a new cost of supply chain purchases of $ 146000. (Enter your response for the percentage decrease to one decimal place and enter your response for the new supply chain cost as a whole number.) b) What percentage improvement is needed in a sales strategy for profit to improve to $38,800? What must sales be for profit to improve to $38,800? An increase of % in sales is required to yield a profit of $38,800, for a new new level of sales of $ (Enter your response for the percentage increase to one decimal place and enter your response for the new sales as a whole number.)