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Castner Corporation is considering implementation of a JIT inventory system. The company's industrial engineer recently conducted a study to determine the average number of days spent in each activity of the production process. The following table summarizes her findings:
a.Calculate Castner's total cycle time? b.Determine Castner's manufacturing efficiency ratio. (Omit the "%" sign in your response.)
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Barry owns a 30% interest in a partnership that earned $300,000 this year. He also owns 30% of the stock in a C corporation that earned $300,000 during the year.
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