FreshMart, which sells organic groceries, had the following details for May and June:

Item	May (£)	June (£)
Cost of Goods Sold	240,000
Projected Increase (%)	7%
Inventory Balance (End)	20,000	23,000
Accounts Payable Balance	28,000
Cash Payments (Current Month)	70%
Cash Payments (Following Month)	30%

Requirements:

1. Determine the amount of purchases budgeted for June.
2. Calculate the total cash payments for inventory purchases in June and prepare a cash budget.
3. Determine the asset ratio (Total Assets / Total Liabilities) at the end of June if total assets are £600,000.