firm has applied for working capital finance from a commercial bank. Estimate the working capital requirements. You can add 10% to estimated figures for exigencies. Sales - 2,247,000 CoGS - 1,637,100 GP - 609,900 Admin expenses - 149,800 Selling exp - 139,100 Profit before tax - 321,000 Tax provision - 107,000 PAT - 214,000 COGS Material used - 898,800 Wages and other manf. Exp - 668,750 Depreciation - 251,450 Less: stock and finished goods (10% product not yet sold) - 181,900 The above figures are related to finished goods and not for WIP, 15% of years production are in progress on an average requiring full material but only 40% of other expenses. The firm has policy of keeping two months consumption of material in stock. All expenses are paid one month in arrear. Suppliers give one and half month credit, 20% sales are in cash, credit period allowed is two months. 70% of income tax has to be paid in advance.