: 1/ Given below is the summary table for calculation of operating cycle for ABC Limited. (An year is assumed to have 360 days). Rs. In 3455 56 638 757 2504 4095 Data for the Previous Year Opening Balance of A Raw Materials, Stores and B Work-in-Process Finished Goods D Accounts Receivable E Accounts Payable Closing Balance of A Raw Materials, Stores and B Work-in-Process Finished Goods D Accounts Receivable E Accounts Payable Purchase of Raw Material, stores, Manufacturing Expenses Depreciation Customs and Excise Duty on sales Selling, Administration and Financial Sales 73 1033 1166 3088 10676 1147 248 35026 4558 54211 Estimate the working capital requirements based on operating cycle. You may require other details such as the firm sells 60,000,000 units every year at the price of Rs 90.35. Monthly sales equal 5,000,000 units. Assuming 50% of manufacturing expenses incurred in W-I-P. In the absence of information in respect of categorization of sales into cash and credit components all sales are assumed to have been made on a credit basis. [12.00]