DSI Company has a gross profit margin of 25 percent and sales of $8 million last year.Seventy-five percent of the firms sales are on credit, and the remainder is cash sales.DSIs current assets equals $1.5 million, its current liabilities equal $300,000, and it has $100,000 on cash plus marketable securities. If DSIs inventory turnover ratio is 8 times.What is the level of DSIs inventories?