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Days of work-in-process ratio ((See Chapter 11 of the Vernimmen))
Days of work-in-process ratio reflects the time required for work-in-process, semi-finished goods and work-in-progress to be completed, in other words, the length of the production cycle. This ratio is obtained by dividing work-in-process, semi-finished goods and work-in-progress by daily cost of goods sold.
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