Mathematics · Financial Aptitude
A firm's working capital cycle is 90 days. Its annual Cost of Goods Sold (COGS) is ₹7,30,00,000. Using the Cash Budget Method, estimate the average amount of working capital required for one cycle (assume 365 days in a year and that the working capital requirement is based on COGS).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,25,00,000
- 2₹2,50,00,000
- 3₹1,80,00,000✓
- 4₹2,00,00,000
Correct answer
₹1,80,00,000
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