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WCF Ltd consumes raw material worth Rs 60 lakhs pm which are procured with 15 days credit. However, owing to the uncertainties in the supplied,
WCF Ltd consumes raw material worth Rs 60 lakhs pm which are procured with 15 days credit. However, owing to the uncertainties in the supplied, WCF desires to keep three months stocks. Monthly sales of WCF stand at Rs 80 lakhs where the customers are enjoying one month credit. How much bank credit is available to WCF assuming a margin of 25%?
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