● From the following information, prepare a statement showing estimated Working Capital requirement of Woodpecker Ltd.:

Projected Annual Sales 5,200 units Selling price per unit `60 Analysis of selling price:

Materials: 40%, Labour: 30%; Overhead: 20%; Profit: 10%

Time Lag on an average:

Raw materials in stock 3 weeks Production Process 4 weeks Credit to debtors 5 weeks Credit from suppliers 3 weeks Lag in payment of wages and overhead 2 weeks. Finished goods are in warehouse for 2 weeks;

cash in hand is expected to be 10% of Net Working Capital.