Nachembe $Co$ is a recently established company specialising in the manufacture of a range of drugs for the pharmaceutical industry. Two brothers, Thomas and Gerald Broom, formed the company and have just finished the first year of business. Sales are made to customers on $60-$day payment terms and all suppliers offer $30$ days' credit. Ail of the raw materials purchased by Nachembe Co only last for a limited time. Therefore, It is the company's policy that such chemicals are used within $75$ days of purchase. Whilst the trothers are expenenced in the field of pharmaceuticals, they are finding it difficuit to understand some of the financial matters associated with running a company. You are employed in the company as an accounting technician and have collated the following information for the last year.

$\backslash$table$[[$Sales$,1,500,000$