Question Help (Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profts sales) of 33 percent ts equal S1.7 illion, its current liabilities equal $303,900, and it has $109,800 in cash plus and sales of $9.9 million last year. 71 percent of the firm's sales are on credit, and the remainder are cash sales marketable securities. a. If Brenmar's accounts receivable equal $561.500, what is its average collection period? b. If Brenmar reduces its average collection period to 25 days, what will be its new level of accounts receivable? c. Brenmar's inventory turnover ratio is 8.6 times. What is the level of Brenmar's inventories? a. If Brenmar's accounts receivable equal $561,500, what is its average collection period? The company's average collection period will be days. (Round to two decimal places) b. If Brenmar reduces its average collection period to 25 days. what will be its new level of accounts receivable? The new level of accounts receivable will be s (Round to the nearest dollar) c. Brenmars inventory turnover ratio is 8.6 times. What is the level of Brenmars inventories? Brenmars inventories will be s (Round to the nearest dollar) Enter your answer in each of the answer boxes 0