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Please explain how to do this based off of the info given. Payables are entirely due to inventory purchases at Cosmo Inc. COGS is 70%

Please explain how to do this based off of the info given.

Payables are entirely due to inventory purchases at Cosmo Inc. COGS is 70% materials, and the company pays its bills in 50 days. This year's revenue is $1,000,000 and is forecast to grow by 15% next year. The cost ratio (COGS as a % of revenue) is planned at 40% next year. Forecast next year's ending payables balance.

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