Wildcat, Incorporated, has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $ 105 $ 125 $ 145 $ 175 Sales for the first quarter of the following year are projected at $120 million. Accounts receivable at the beginning of the year were $47 million. Wildcat has a 45-day collection period. Wildcats purchases from suppliers in a quarter are equal to 45 percent of the next quarters forecast