From the following information, extracted from the books of Ram manufacturing company, compute the operating cycle period and working capital required :
Period covered: 365 days Average period allowed by suppliers: 16 days Average total of debtors outstanding Rs. 48,000 Raw material consumption 4,40,000 Total production cost 10,00,000 Total cost of sales 10,50,000 Sales for the year 16,00,000 Value of average stock maintained: Raw Material 32,000 Work-in-progress 35,000 Finished goods 26,000