Assume a company provided the following information: Gross margin percentage Sales Inventory balance, beginning of the year Inventory balance, end of the year Net income 40% $500,000 $ 20,000 $ 30,000 $ 10,000 The average sale period is closest to: Multiple Choice 36.62 days. 30.42 days. Multiple Choice O 36.62 days. O 30.42 days. 28.72 days. 42.42 days