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The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 60 percent of the next quarter's forecast sales The payables period is

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The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 60 percent of the next quarter's forecast sales The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dhridends are $80 per quarter No capital expencftures are planned. Sales for the fast quarter of the following year are projected at $2,310. Calculate the company's cash outlays by completing the following

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