The working capital requirement need to be determined on the basis of sales Purchases $12,00,000 Opening Stock 8,00,000 Wages and Expenses 10,00,000 Gross Profit 7,00,000 Closing Stock 16,00,000 For achieving this, it needed an average capital of 5,25,000. If the estimated sales for the next year is 28,00,000, determine the working capital requirements?

Answer rating: 100% (QA)

To determine the working capital requirement you can use the formula Working Capital C... View the full answer