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ABC Pvt Ltd has the following information: Assets: Equity share capital ( including reserves): 5,00,00,000 Debentures: 2,00,00,000 Sundry creditors: 70,00,000 Total: 7,70,00,000 Liabilities: Fixed Assets:

ABC Pvt Ltd has the following information:

Assets:

Equity share capital ( including reserves): 5,00,00,000

Debentures: 2,00,00,000

Sundry creditors: 70,00,000

Total: 7,70,00,000

Liabilities:

Fixed Assets: 3,50,00,000

Inventories: 1,00,00,000

Sundry debtors: 1,50,00,000

Cash & bank: 60,00,000

Total: 6,60,00,000

The sales for the year 2014-2015 was 8,00,00,000. Sales for the year 2015-16 is estimated to be 12,00,00,000.

Find out the working capital requirement for the year 2015-2016 by the % sales method.

(For any difficult step, please show the working note) Thank you

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