Wildcat, Incorporated, has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $ 170 $ 190 $ 210 $ 240 Sales for the first quarter of the following year are projected at $185 million. Accounts receivable at the beginning of the year were $73 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
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