Crane Equipment sells equipment to sports enthusiasts. Doug Crane, the company's president, just received the following income statement reporting the results of the past year. Sales revenue Variable cost of goods sold Fixed cost of goods sold Gross profit Variable operating expenses Fixed operating expenses Common fixed costs Operating income Baseball $1,370,000 926,000 124,700 319,300 185,200 85,800 65,500 ($17.200) Soccer $3.930,000 2.554,500 203,700 1,171,800 628.800 91,700 140,000 $311,300 Basketball $2,579,000 2,081,600 179,300 318,100 257,900 79,500 105.700 ($125,000) Total $7,879.000 5,562,100 507.700 1,809.200 1.071,900 257,000 311.200 $169,100 Doug'is donderned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseballand basketball gear to concentrate solely on soccer gear Peterson Papers makes personalized stationery of the highest quality. The company maintains a stock of blank note cards, calling cards stationery, and envelopes. Customers order online, indicating the product type, personalization (monogram, name), font style, and color. The following schedule is typical of an order of 100 calling cards. Minutes 30 Activity Process order Wait for production to begin Pull calling cards from inventory Set up machine for font style and color Print calling cards Inspect cards Wait for packaging Package cards for shipping Wait for pickup by Fedex 60 Calculate the manufacturing cycle efficiency. (Round answer to decimal places, eg. 15%) Manufacturing Cycle Efficiency 23 % e Textbook and Media Save for Later Attempts: 2 of 3 used Submit