CASE STUDYThe management of Hindustan Ltd has called for a statement showing the working capital needed to finance a level of activity of $3,00,000$ units of output for the year. The cost structure for the company's product, for the above mentioned activity level, is detailed below:i$.$ Past trends indicate that raw materials are held in stock, on an average, for twoii. ill.IV$.$V$.$vi$.$months.Work$-$in$-$progress will approximate to half$-$a$-$month's production.Finished goods remain in warehouse, on an average, for a month.Suppliers of materials extend a month's credit. Two month's credit is normally allowed to debtors.A minimum cash balance of Rs $25,000$ is expected to be maintained.The production pattern is assumed to be even during the year.Prepare the statement of working capital determination.