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The Thakor Corporation's purchases from suppliers in a quarter are equal to 7 5 percent of the next quarter's forecasted sales. The payables period is

The Thakor Corporation's purchases from suppliers in a quarter are equal to 75 percent of the next quarter's forecasted sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dividends are $75 per quarter. No capital expenditures are planned.
Projected quarterly sales are:
\table[[,Q1,Q2,Q3,Q4],[Sales,$2,250,$2,550,$2,250,$1,950
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