material turnover period in days and also months 617159

From the following information, calculate

  1. Material turnover ratio
  2. Material turnover period in days and also months
  3. Faster moving material

Material X (units)

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Material Y (units)

Opening stock

75,000

25,000

Purchases

2,00,000

4,00,000

Closing stock

25,000

50,000

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