Calculate the Value Added Ratio for the following production of Hammer Pants Hammers: Raw materials pulled from stock Materials sent to proper department Formation of raw metal into Hammer Moving to assembly - Metal piece Hard plastic formation of custom parachute pants Painting and finishing of plastic parts Moving to assembly - plastic parts Holding bin waiting for assembly Assembly - attaching parts together Complete waiting for polish/finishing Polishing/cleaning/Finishing Moving to packing Packing 6.75 hours 2.05 hours 4.25 hours 4.50 hours 3.90 hours 4.60 hours 5.80 hours 1.80 hours 7.10 hours 4.45 hours 6.40 hours 3.20 hours 7.70 hours 042.00% 044.08% 054.32% 070.80 %