Question

The hospital would like to maintain a contingency balance of 15% of the operating working capital. The projected annual billing of the hospital is 10,000 patients at an average billing of ₹1,500 per patient. The net profit margin on revenue is 5%. The cost of sales is 70% of the total expenses. The hospital is required to maintain a cash balance of ₹4,00,000. The hospital allows the customers/patients an average credit period of 25 days to settle all the pending payments. The hospital’s management has negotiated an average credit period of 27 days with its suppliers. The average inventory holding period in terms of revenue requirement is 90 days.calculate working capital cycle of the hospital​

Answer 1

Explanation:

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