The Brenmar Sales Company had a gross profit margin (gross

profitsdivided bysales)

of

3434

percent and sales of

$ 9.1$9.1

million last year.

7373

percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal

$ 1.8$1.8

million, its current liabilities equal

$ 300 comma 500$300,500,

and it has

$ 103 comma 600$103,600

in cash plus marketable securities.a. If Brenmar's accounts receivable equal

$ 561 comma 600$561,600,

what is its average collection period?b. If Brenmar reduces its average collection period to

2525

days, what will be its new level of accounts receivable?c.Brenmar's inventory turnover ratio is

9.69.6

times. What is the level of Brenmar's inventories?

a.If Brenmar's accounts receivable equal

$ 561 comma 600$561,600,

what is its average collection period?The company's average collection period will be

nothing

days.(Round to two decimal places.)