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Sexton Corporation has projected the following sales for the coming year:

Sales in the year following this one are projected to be $20$ percent greater in each quarter.

Calculate payments to suppliers assuming that the company places orders during each quarter equal to $20$ percent of projected sales

for the next quarter. Assume that the company pays immediately.

a$.$ What is the payables period in this case?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

Payables period

What are the payments to suppliers each quarter?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ Calculate payments to suppliers assuming that the company places orders during each quarter equal to $20$ percent of projected

sales for the next quarter. Assume a $90-$day payables period.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places e$.$g$.,32\mathrm{.}16.$

c$.$ Calculate payments to suppliers assuming that the company places orders during each quarter equal to $20$ percent of projected

sales for the next quarter. Assume a $60-$day payables period.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places e$.$g$.,32\mathrm{.}16.$

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