NextQ11

Current assets of a firm are: Cash Rs.50,000, Debtors Rs.75,000, Inventory Rs.1,00,500. On the basis of this, the Gross Working capital will be:

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Question 10

The Fancy Store, a ready-made garments retail shop sold 10,000 shirts at Rs.400 per shirt during the year. Cost of placing an order and receiving goods is Rs.2,000 per order. Inventory holding cost is Rs.1000 per year. Calculate the Economic Order Quantity for The Fancy Store.

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