From the following information extracted from the books of a manufacturing company, compute the operating cycle in days and required working capital :...

From the following information extracted from the books of a manufacturing company, compute the operating cycle in days and required working capital :

Period covered                                                                                   365 days

Average period allowed by suppliers                                                   16 days Rs.

Average debtors outstanding                                                              24000

Raw Material Consumption                                                                 255500

Total Production Cost                                                                         474500

Total cost of sales                                                                               511000

Sales for the year (all credit)                                                               730000

Value of average stock maintained:

Work in progress                                                                                 18200

Finished Goods                                                                                  14000

Raw Material                                                                                       21000

Expected cash balance                                                                       20000