A manufacturing cycle efficiency (MCE) ratio of less than 1.00 is desirable because this is the ratio of non-value-added time to throughput time. True or False True False Which of the following would not be included in operating assets in return on investment calculations? Cash. Accounts Receivable. Equipment. Factory building rented to (and occupied by) another company. Which of the following would be an argument for using the gross cost of plant and equipment as part of operating assets in return on investment computations? Multiple Choice It is consistent with the computation of net operating income, which includes depreciation as an operating expense ) It is consistent with the balance sheet presentation of plant and equipment C ) It eliminates the age of equipment as a factor in ROI computations It discourages the replacement of old, worn-out equipment because of the dramatic adverse effect on ROI