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Flom corporation is considering the implementation of a JIT inventory system. The company recently analyzed the cycle time to determine the number of days spent in each activity of its production process. A summery of the analysis:
Production activity
Flom's total manufacturing cycle time is ?? days.
Flom's Manufacturing efficiency ratio is ?? %
If Flom were to eliminate receiving materials, inspecting materials and storing materials from its cycle, the total manufacturing cycle would be ?? days and its manufacturing efficiency ratio would become %??
what are the steps in reconciling pretax financial income and taxable income? and how is this reconciliation disclosed
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