Top 2 Inventory Control Ratio’s | Cost Accounting
The following points highlight the top two inventory control ratio’s. They are: 1. Input-Output Ratio 2. Stock Turnover Ratio. 1. Input-Output Ratio: Input-output ratio is used in material control, which indicates the relation between the quantity of material used in the production and the quantity of final output. Advantages: The advantages of analysis of input-output ratios are given below: (a) [...]