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Solaris Ltd . sells goods in domestic market at a gross profit of 2 5 percent, not counting on depreciation as a part of the

Solaris Ltd. sells goods in domestic market at a gross profit of 25 percent, not counting on depreciation
as a part of the 'cost of goods sold'. Its estimates for next year are as follows:
Amount ( in lakhs)
The company keeps 1 month's stock of each of raw materials and finished goods and believes in
keeping 20 lakh as cash. Assuming a 15 percent safety margin, ascertain the estimated working
Capital requirement of the company (ignore work-in-process).
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