From the following information calculate the
average amount of working capital required.
Per annum
Stock of finished goods and W.I,P 10,000
Stock of stores and material 8,000
Average credit to local customer 2 weeks 1,04,000
Average credit to outside customer 6 weeks 3,12,000
Credit available for payment of
purchase 4 weeks
78,000
Credit available for payment of
wages 2 weeks
2,60,000
Add 10% for contingencies
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