What is the level of? tabor inventories

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Reference no: EM131626861

(Evaluating liquidity?) The Tabor Sales Company had a gross profit margin? (gross profits divided by ÷ sales) of 30.8 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 $288,000 and it has $103, 000 in cash plus marketable securities.

a. If? Tabor's accounts receivable are $562,500 what is its average collection? period? ?(Round to two decimal? places.)

b. If Tabor reduces its average collection period to 21 days, what will be its new level of accounts?receivable?

c. ?Tabor's inventory turnover ratio is 9.3 times. What is the level of? Tabor's inventories?

Reference no: EM131626861

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