Ratios assist warehouse operations understand and benchmark their performance. Match the type of ratio with the appropriate formula. Equipment utilization Answer 1 (total number of pallets in storage/total number of pallet positions available for storage) On-time shipments Answer 2 (number of inbounds received on time / total number of inbounds) Warehousing cost per order Answer 3 (average time from order receipt to final delivery of order) Order cycle time Answer 4 (number of orders shipped on time / total number of orders shipped) Space utilization Answer 5 (actual machine operating time utilized / total available operating time) Warehousing cost as a percentage of sales Answer 6 (average warehousing cost per order / average order in terms of sales dollars)