From the following particulars, you are required to calculate Working Capital requirement. (i) Annual Sales `3,60,000 (ii)
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● From the following particulars, you are required to calculate Working Capital requirement.
(i) Annual Sales `3,60,000
(ii) Analysis of Sales:
Materials—40%, Labour—20%, Overheads—15%, Profit—25%
(iii) Credit allowed to debtors—3 months Credit allowed by creditors—2 months Lag in payment of wages—1 month Lag in payment of overhead—2 months Raw materials in store—1 month Processing period—2 months Finished goods in store—3 months Expected cash balance—`30,000 Production is carried out evenly during the year and wages and expenses accrue similarly.
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Related Book For
Financial Management
ISBN: 9789352605606
1st Edition
Authors: Swapan Sarkar, Bappaditya Biswas, Samyabrata Das, Ashish Kumar Sana
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