Working Capital

A company has annual sales of 45 lakh and related costs of goods soldare at 27 lakh. The company has the following targets for the upcoming year:

• Trade receivable days: 50
• Inventory days: 60
• Trade payable days: 45

Assume that the business runs for 365days in a year. What is the net investment required in the working capital?

• 8,12,500
• 13,75,000
• 7,27,397
• 10,75,000