The Tabor Sales Company had a gross profit margin (gross profitssales) of 30.3 percent and sales of $9.3 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 $2.5 million, its current liabilities equal $293,000, and it has $103,000 in cash plus marketable securities.

Tabor's inventory turnover ratio is 9.8 times. What is the level of Tabor's inventories?