The Following Information Is Provided for Journey Company and Mastery

question 135

Essay

The following information is provided for Journey Company and Mastery Company.Both companies provide training materials for electricians.
$$\begin{array} { | l | c | c | } \hline \text { Company } & 2018 & 2019 \\\hline \text { Tourney Company's Current Ratio } & 1.8 & 1.2 \\\hline \text { Mastery Company's Current Ratio } & .8 & 1.4 \\\hline\end{array}$$ a.Which company has the stronger current ratio for 2018 and 2019? Defend your answer.
b.Discuss the change in current ratio for each company.

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Definitions:

Throughput Time

The time it takes for a product to go through the production process with no waiting. It is the time of the longest path through the system.

Body Work

This term refers to physical manipulations and repairs carried out on the body of a vehicle by auto repair professionals.

Paint Work

The application of paint, varnish, lacquer, or other finishes to surfaces as a finite operation in manufacturing, maintenance, or artistic production.

Johnson's Rule

A scheduling rule used for minimizing job lateness and optimizing job sequencing in a manufacturing process.