FIN-320-T2301 Principles of Finance 20EW2 Brenda Da Silveira & 12/20/20 3:08 PM Homework: 4-2 MyFinanceLab Assignment Save Score: 0 of 4 pts 10 of 125 complete) HW Score: 26%, 13 of 50 pts P4-29 (similar to) Question Help (Efficiency analysis) The Bremer Sales Company had a gross profit margin gross profts+sales) of 34 percent and sales of $8.9 million last year. 79 percent of the firm's sales are on credit, and the remainder are cash salos. Brenmar's current assets equal $1.3 milion, its current liabilities equal $302,100, and it has S107,200 in cash plus marketable securities. a. If Brenmar's accounts recevable equal $562.600, what is its average collection period? b. Brennar reduces its average collection period to 20 days, what will be its new level of accounts receivable? c. Brenmar's inventory tumover ratio is 8.6 times. What is the level of Brenmar's inventories? a. I Brermar's accounts receivable equal $562,800, what is its average collection period? The company's average collection period will be days. Round to tao deomal places.) Enter your answer in the answer box and then click Check Answer. 2 parts remaining Clear All Check And