Question 1: Using Table 1 below, determine the sales necessary to equal a dollar of savings on purchases for a company that: a) Has a net profit of 6% and spends 60% of its revenue on purchases? b) Has a net profit of 8% and spends 80% of its revenue on purchases? Table 1: Dollars of Additional Sales Needed to Equal $1 Saved Through the Supply Chain % of Sale Spent in the Supply Chain Percent Net profit of Firm 30% 40% 50% 60% 70% 80% 90% $2.78 3.23 $3.85 $4.76 56.25 $9.09 $16.67 $2.70 $3.13 $3.70 $4.55 5.88 $8.33 $14.29 S2.63 $3.03 $3.57 $4.35 $5.56 $7.69 $12.50 $2.56 $2.94 $3.45 $4.17 $5.26 $7.14 $11.11 $2.50 $2.86 $3.33 54.00 55.00 $6.67 $10.00