Financial data for Joel de Paris, Inc., for last year follow:

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	127,000		$	126,000
Accounts receivable		330,000			483,000
Inventory		572,000			481,000
Plant and equipment, net		901,000			880,000
Investment in Buisson, S.A.		399,000			434,000
Land (undeveloped)		247,000			248,000
Total assets	$	2,576,000		$	2,652,000
Liabilities and Stockholders' Equity
Accounts payable	$	382,000		$	330,000
Long-term debt		1,049,000			1,049,000
Stockholders' equity		1,145,000			1,273,000
Total liabilities and stockholders' equity	$	2,576,000		$	2,652,000

Joel de Paris, Inc. Income Statement
Sales					$	4,095,000
Operating expenses						3,439,800
Net operating income						655,200
Interest and taxes:
Interest expense	$	124,000
Tax expense		193,000				317,000
Net income					$	338,200

The company paid dividends of $210,200 last year. The Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%.

Required:

1. Compute the company's average operating assets for last year.

2. Compute the companys margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.)

3. What was the companys residual income last year?

1.	Average operating assets
2.	Margin		%
	Turnover
	ROI		%
3.	Residual income

Management of Mittel Rhein AG of Kln, Germany, would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported:

Inspection time	0.2	days
Wait time (from order to start of production)	15.2	days
Process time	2.5	days
Move time	0.8	days
Queue time	4.2	days

Required:

1. Compute the throughput time. (Round your answer to 1 decimal place.)

2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.)

3. What percentage of the throughput time was spent in nonvalue-added activities? (Round your percentage answer to nearest whole percent.)

4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.)

5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place.)