Suppose a company has a sale of Rs. 200,000 for the year. The cost structure is given as follows: Raw materials is 60% of sales, labour s 15% of sales, overheads is 10% of sales. The profit is 15% sales and total cost is 85% sales. What is the amount of current assets for the year if the holding periods are as follows: Raw material 15 days, work in progress 7 days, finished goods 15 days and debtors 30 days. Assume 365 days in a year. Group of answer choices Rs.35679 Rs.25789 Rs.41907 Rs 31137

Suppose a company has a sale of Rs. 200,000 for the year. The cost structure is given as follows: Raw materials is 60% of sales, labour s 15% of sales, overheads is 10% of sales. The profit is 15% sales and total cost is 85% sales. What is the amount of current assets for the year if the holding periods are as follows: Raw material 15 days, work in progress 7 days, finished goods 15 days and debtors 30 days. Assume 365 days in a year. Group of answer choices Rs.35679 Rs.25789 Rs.41907 Rs 31137

Name: Suppose a company has a sale of Rs. 200,000for the year. The cost str
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Description: Suppose a company has a sale of Rs. 200,000for the year. The cost structure is given asfollows: Raw materials is 60% of sales, labouris 15% of sales, overheads is 10% of sales. Theprofit is 15% sales and total cost is 85% sales.What is the amount of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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