Firm B has provided following information about its working capital need based on demand on annual s

Firm B has provided following information about its working capital need based on demand on annual sales of Rs. 30 lac. Raw material value=2.40 lac, stock in process=1.60 lac, finished goods= Rs. 3.40 lac, outstanding debtors= Rs. 4 lac, cash =0.30, trade creditors= Rs. 2.60 lac and other current liabilities and other current liabilities = Rs. 0.80 lac on the basis of this information answer, the following question. 1. what is the amount of working capital? a. 2.93 lac b. 5.37 lac c. 8.30 lac d. 11.70 lac Ans - d Solutions: Gross working Capital = Current Assets means 2.4+1.6+3.4+4+0.3 =11.70 lac WC=CA-CL THEN HOW 11.70? pls explain