● From the following information of Joy Durga Ltd., you are required to determine the Working Capital requirement:

(i) Annual (expected) Sales `3,60,000

(ii) Analysis of Selling price:

Raw materials: 50%

Expenses: 30%

Profit: 20%

(iii) Credit allowed to debtors—

1 2

2 months Credit allowed by creditors—

1 2

2 months Raw materials in store—1 month Processing period—2 months Finished goods in store—4 months Production is carried out evenly during the year and expenses accrue similarly.