● From the following information of Nanu Ltd., find the Working Capital requirement:

(i) Sales for the year `3,60,000

(ii) Analysis of Sales:

Raw materials—50%

Expenses—30%

Profit—20%

(iii) Period of credit repayment by the debtors—

1 2

2 months Raw Material storing period—1 month Period of Credit allowed by the creditors—

1 1

2 months Product processing time—2 months Finished goods storing period—4 months Bank Overdraft—`1,00,000 Cash requirement for other expenses payable `6,000. Production is carried on evenly throughout the year and expenses are paid accordingly.