Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers Last year, the company had net operating income of $450,000 on sales of $1,300,000. The company's average operating assets for the year were $1,500,000 and its minimum required rate of return was 15% Required: Compute the company's residual income for the year. Rosidual incomo 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 wait time (from order to start of production) Process time Move time Queue time 0.6 days 15.2 days 3.3 days 0.7 days 4.1 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 non-value-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.) 1. Throughput time 2. Manufacturing cycle officiency 3. Non-value-added throughput time 4. Delivery cycle time 5. Now manufacturing cyclo efficiency days % % days %