Question: Please find the below attached question and give the answer properly. 2. On 1st January 2021, the Managing Director of Naureen Ltd, wishes to know
Please find the below attached question and give the answer properly.

2. On 1st January 2021, the Managing Director of Naureen Ltd, wishes to know the amount of working capital that will be require during the year. From the following information prepare the working capital requirements forecast Liabilities Rs. (in 000) Assets Rs. (in 000) Equity Share 200000 Net fixed assets 300000 Capital 8% Debentures 100000 Inventories 100000 Reserve and 50000 Trade Receivables 70000 Surplus Long Term Loan 50000 Cash and Bank 10000 Trade Payables 80000 Marketable 180000 Securities Bank Overdraft 100000 Outstandings 80000 660000 660000 Sales for the year ended 31 Dec, 2020 amounted to Rs. 1000000000 and it is estimated that the same will amount to Rs. 1200000000 for the year 2020. You are required to estimate the working capital requirement for the year 2020 assuming a linear relationship between Sales and Working Capital
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