Amkit India Ltd. has a current sales level of 20,000 per month and has ( an estimated sales level of 15,000 units per month for the future year. The company has a policy of maintaining a cash balance that is sufficient to meet its cost of production for three days. Following is the financial data for the current financial year and the cost structure of the company; Balance sheet as on 31st March 2022 Liabilities (Rs. In Assets 000s) 3000 Fixed Assets 1800 Raw Materials Share Capital Reserves Accounts Payable Accruals Total 400 Work-in-Progress Inventory 200 Finished Goods Inventory Accounts Receivable Cash 5400 Total (Rs. In `000s) 2200 800 200 1000 1000 200 5400 Cost structure Components Raw Material Labour Overheads Profit Selling Price Cost Price per unit (In Rs.) 20 5 15 10 50 Work-in-Progress inventory is recorded at 50% of the finished goods level. Labor and overheads are paid as incurred. Assume 30 days in a month and 360 days in a year. Take material depreciation at zero level and no margin requirement for your calculation. Using the data answer the following questions: a. Calculate the Cash Conversion Cycle and Gross Operating Cycle of Amkit India ltd using the current level of sales and current financial statement. Strictly report the summary of calculations in the following format at the beginning of the answer: Particulars RM conversion WIP conversion FG conversion Receivables period Gross operating cycle Payables period Net operating cycle Page 2 of 4 Days 6MP103 b. Estimate the working capital requirement for 15,000 units using the calculated inventories, receivables and payables periods from cash conversion cycle. Strictly report the summary of calculations in the following format at the beginning of the answer; Particulars Raw Materials Work in process Finished good Receivables Cash Total Current Assets Payables Total Current Liabilities Net Current Assets Investment (Rs. In '000)