Problem:
If Days Purchases in Inventory for a firm is 126 days, Sales is $3,632,600, and the Gross Profit Margin is 32%, what is the level of Inventory?
If Days Payable Outstanding for a firm is 42 days, Sales is $5,875,800, and the Gross Profit Margin is 38%, what is the level of Accounts Payable?
Please provide all calculation and methods to solve it.