Following information has been available from the finance department of the Royal Industries: (1) The average receivable period is 45 days, while the average payable period is 30 days. (2) The average inventory holding p

Following information has been available from the finance department of the Royal Industries: (1) The average receivable period is 45 days, while the average payable period is 30 days. (2) The average inventory holding period is 75 days. (3) The operating cash expenses of Royal Industries are ₹120 lakh annually at a constant rate. (4) Return on investment is 15%. (5) Number of days in a year are 360. From the above information, compute: (b) Minimum amounts of cash to be maintained to meet the liability of payments as and when due and payable.