(Evaluating liquidify) The Tabor Sales Compacy had a gross profit margin (grost profits + sales) of 30.7 percent and sales of $9.7 mil6on last year. 5 Seventy-five percont of the firm's sales are on credt and the remainder are cash sales. Tabor's current assets equal $2.9 million, its current lablities 6qual$308,000, and it has $97,000 in cash plus marketable securtes. a. If Tabor's accounts receivable are $562,500, what is its average collection period? b. If Tabor reduces its average collection period to 18 days, what wil be its new level of accounts receivable? c. Tabor's inventory turnover rato is 9.3 times. What is the level of Tabor's inversories? a. If Tabor's accounts receivabio ace $562,500, is average colloction period is days. (Round to two decimal places.)