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please solve fast MNO Ltd. has furnished the following cost data relating to the year ending of 31 st March, 2018. SalesMaterialconsumedDirectwagesFactoryoverheads(100%variable)OfficeandAdministrativeoverheads(100%variable)Sellingoverheads45015030606050 The company wants

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MNO Ltd. has furnished the following cost data relating to the year ending of 31 st March, 2018. SalesMaterialconsumedDirectwagesFactoryoverheads(100%variable)OfficeandAdministrativeoverheads(100%variable)Sellingoverheads45015030606050 The company wants to make a forecast of working capital needed for the next year and anticipates that: - Sales will go up by 100%, - Selling expenses will be 150 lakhs, - Stock holdings for the next year will be-Raw material for two and half months, Work-in-progress for one month, Finished goods for half month and book debts for one and half months, - Lags in payment will be of 3 months for creditors, 1 month for wages and half month for Factory, Office and Administrative and Selling overheads. You are required to: (i) Prepare statement showing working capital requirements for next year, and (ii) Calculate maximum permissible bank finance as per Tandon Committee guidelines assuming that core current assets of the firm are estimated to be 30 lakhs

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