Q.1.Casez Ltd., manufacturer of suitcases, makes 700 boxes per annum. Selling price of each suitcase is Rs.1000 and the variable cost is Rs.400 per piece. It incurs fixed expenses of Rs.1,20,000 per year.Only 10% of its salos are made in cash. Every year the firm spends Rs.20,000 on advertising and this year its investment in the purchase of raw materials is 20% of its total turnover. Additional information is given below.(in Rs. *000) (15) Opening balance of a Raw materials, stores, etc. b Work-in-process C Finished goods d Debtors e Creditors Closing balance of a. Raw materials, stores, etc. b. Work-in-process C. Finished goods d. Debtors e. Creditors Depreciation iv. Excise duty v. Selling and administration expenses Assuming uniform production and sales throughout the year, calculate the operating cycle for Casez Ltd. Q.1.Casez Ltd., manufacturer of suitcases, makes 700 boxes per annum. Selling price of each suitcase is Rs.1000 and the variable cost is Rs.400 per piece. It incurs fixed expenses of Rs.1,20,000 per year.Only 10% of its salos are made in cash. Every year the firm spends Rs.20,000 on advertising and this year its investment in the purchase of raw materials is 20% of its total turnover. Additional information is given below.(in Rs. *000) (15) Opening balance of a Raw materials, stores, etc. b Work-in-process C Finished goods d Debtors e Creditors Closing balance of a. Raw materials, stores, etc. b. Work-in-process C. Finished goods d. Debtors e. Creditors Depreciation iv. Excise duty v. Selling and administration expenses Assuming uniform production and sales throughout the year, calculate the operating cycle for Casez Ltd