(Evaluating liquidity) The Tabor Sales Company had a gross profit margin (gross profitssales) of 30.9 percent and sales of $9.7 million last year. Seventy-five percent of the firm's sales are on credit and the remainder are cash sales. Tabor's current assets equal $2.2 million, its current liabilities equal $316,000, and it has $96,000 in cash plus marketable securities. a. If Tabor's accounts receivable are $562,500, what is its average collection period? b. If Tabor reduces its average co

. If Tabor's inventory turnover ratio is

9.5

times, the level of Tabor's inventories is

$enter your response here.

(Round to the nearest dollar.)