From the following information, calculate
- Material turnover ratio
- Material turnover period in days and also months
- Faster moving material
|
Material X (units) |
Material Y (units) |
|
|
Opening stock |
75,000 |
25,000 |
|
Purchases |
2,00,000 |
4,00,000 |
|
Closing stock |
25,000 |
50,000 |