Morgan Company has provided you with the following information on an order it received for fifty widgets.Listed below is the timeline for processing the order. 
Required:
a.Calculate the delivery cycle time.
b.Calculate the manufacturing cycle time.
c.Calculate the manufacturing cycle efficiency.
Definitions:
Bank Loan
Money lent to an individual or business by a bank, typically requiring repayment with interest.
Interest Charged
The cost incurred for borrowing money, typically expressed as an annual percentage rate of the principal.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, reflecting the interest payable on any type of debt.
Interest Income
Interest income is the revenue earned from deposit accounts or investments through the lending of funds or the allocation of capital assets expected to generate interest over time.
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