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Find the quotient.
Raw Materials Inventory
The total cost of all components and materials that are stored and used in the production of finished goods.
Lean Manufacturing
A structured strategy to decrease waste production in manufacturing processes while maintaining efficiency.
Nonfinancial Measures
Performance metrics that do not involve monetary units but measure aspects such as customer satisfaction, quality, and employee engagement.
Financial Accounting Measures
Metrics and calculations used to record, summarize, and report the financial position and performance of a business according to accepted accounting principles.
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