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3. Details of Lucky Ltd for the year 2019 are given below: COGS 4,800,000 Operating cycle 60 days Minimum desired level of cash balance 75,000

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3. Details of Lucky Ltd for the year 2019 are given below: COGS 4,800,000 Operating cycle 60 days Minimum desired level of cash balance 75,000 You are required to calculate the expected working capital requirement by assuming 360 days in a year

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