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Sexton Products has projected the following sales for the coming year: Sales in the year following this one are projected to be 1 5 percent

Sexton Products has projected the following sales for the coming year:
Sales in the year following this one are projected to be 15 percent greater in each
quarter.
a. Calculate payments to suppliers assuming that the company places orders during
each quarter equal to 30 percent of projected sales for the next quarter. Assume that
the company pays immediately. (Do not round intermediate calculations and round
your answers to 2 decimal places, e.g.,32.16.)
b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round
intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
c. Calculate payments to suppliers assuming a 60-day payables period. (Do not round
intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
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