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The Thakor Corporation s purchases from suppliers in a quarter are equal to 8 0 percent of the next quarter s forecasted sales. The payables

The Thakor Corporations purchases from suppliers in a quarter are equal to 80 percent of the next quarters forecasted sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $85 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Q2 Q3 Q4 Sales $ 1,950 $ 2,250 $ 1,950 $ 1,650 Sales for the first quarter of the

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