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