Balmer Company sells manufactured products for a price of 10 CU per unit.The credit terms received from suppliers of materials are 90 days.It grants credit to its customers for 10 days.Its inventory of finished products turnover is 24;its raw material inventory turnover is 48.Its transformation process takes a day.Its manufacturing value added to raw materials purchased is 10%.Its gross margin is 20%.Its net margin before tax is 5%.All costs other than materials are paid cash.The working capital need required to sell one unit is likely to be:

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The Answer of Balmer Company sells manufactured products for a price of 10 CU per unit.The credit terms received from suppliers of materials are 90 days.It grants credit to its customers for 10 days.Its inventory of finished products turnover is 24;its raw material inventory turnover is 48.Its transformation process takes a day.Its manufacturing value added to raw materials purchased is 10%.Its gross margin is 20%.Its net margin before tax is 5%.All costs other than materials are paid cash.The working capital need required to sell one unit is likely to be:

Balmer Company Sells Manufactured Products for a Price of 10