Question

Sunflag Ltd. Sells goods at uniform rate of gross profit of 20% on sales including depreciation as part of cost of production. Annual figures are as follows: Sales (2months credit): Rs. 24,00,000 Raw material consume (suppliers credit= 2months) = Rs. 6,00,000 Wages paid = Rs. 4,80,000 Manufacturing expenses= Rs. 6,00,000 (cash expenses are paid 1month in arrears) Administration expenses= Rs. 1,50,000 (cash expenses are paid 1month in arrears) Sales promotion expenses= Rs. 75,000 (paid in 3months in arrears) Company keeps 1month stock of raw material and finished goods. A minimum cash balance of Rs. 80,000 is always kept. Find out the total Current liabilities. 21

Answer 1

i dont now the answer

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