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(2) A firm has applied for working capital finance from a commercial bank You are requested by be to prepare estimate of working capital requirements of the firm. You may add 10% to your estimate fi to account for exigencies Rs Sales COGS Gross Profit Admin Expenses Selling Expenses PBT Tax Provision 2247000 1637100 609900 149800 139100 321000 107000 214000 PAT 898800 Material Used Wages & other Mgf Expenses Depreciation 668750 251450 1819000 Less: Stock of Finished Goods (10% products not sold) COGS 181900 1637100 The figure given above relate only to the goods that have been finished and not to work in progr goods equal to 15% of the year's production(units) are in progress on an average requiring full mate but only 40% of other expenses. The firm has a policy of keeping two months consumption of materia stock. All expenses are paid one month in arrears. Suppliers of material grant one and half month cre Sales are 20% cash while remaining sold on two months credit. 70% of Tax has to be paid in advanc quarterly instalments