(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits sales) of 29 percent and sales of $8.1 milion last year. 72 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.5 milion, its current liabilities equal $502,700, and it has $108,700 in cash plus marketable securities a. I Brenmar's accounts receivable equal $563.300, what is its average collection period? b. Brenmar reduces its average collection period to 20 days, what will be its new level of accounts receivable? c. Brenmar's inventory turnover ratio is 9.7 times. What is the level of Bronmar's inventories? a. If Brenmar's accounts receivable equal $563.300, what is its average collection period? The company's average collection period will be 35.25 days. (Round to two decimal places.) b. Brenmar reduces its average collection period to 20 days, what will be its new level of accounts receivable? The new level of accounts receivable will be $ 31956. (Round to the noarost doftar) c. Brenmar's inventory tumover ratio is 9.7 times. What is the level of Brenmar's inventories? Brenmar's inventories will be $(Round to the nearest dollar)