Acme Company reports cost of goods sold of $$480,000,$ a gross margin percentage of $40\%,$ an average accounts receivable balance of $$25,000,$ and net income of $$10,000.$ All sales are made on account. What is Acme$$s average collection period? Round to one decimal place.

Group of answer choices

$22\mathrm{.}8$ days

$17\mathrm{.}3$ days

$11\mathrm{.}4$ days

$14\mathrm{.}6$ days