Chapter 11 Flashcards
1
Q
Return on Investment
A
Net Operating Income/Average Operating Assets or Margin*TO
2
Q
Margin
A
Net Operating Income/Sales
3
Q
Turnonver
A
Sales/Average Operating Assets
4
Q
Residual Income
A
Net Operating Income - (Average Operating Assets*Minimum Required Rate of Return)
5
Q
Delivery Cycle Time
A
Wait Time + Throughout Time
6
Q
Throughout Time
A
Process Time + Inspection Time + Move Time + Que Time
7
Q
Manufacturing Efficiency Cycle
A
Value Added Time (Process Time)/Throughout (Manufacturing Cycle) Time
