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Efficiency analysis)??The Brenmar Sales Companyhad a gross profit margin? (grossprofitsdivided by÷?sales) Of 27 percent and sales of 9.1 millionlast year.?71percent of the? firm's sales are on? credit, and the remainderare cash sales. ?Brenmar's current assets equal $1.5 ?million, itscurrent liabilities equal $ 297,700 and it has $ 107,200 in cashplus marketable securities.a. If? Brenmar's accounts receivable equal$562,500?, what is its average collection? period?b. If Brenmar reduces its average collectionperiod to 15 ?days, what will be its new level of accounts?receivable?c.???Brenmar's inventory turnover ratio is 9.6times. What is the level of? Brenmar's inventories?
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