Assume a company provided the following information: Sales Inventory balance, beginning of the year Inventory balance, end of the year Average sale period $184,000 $ 11,000 $ 13,000 50 days The gross margin percentage is closest to: (Round your final answer to the whole percentage.) Multiple Choice 48% 52% The gross margin percentage is closest to: (Round your final answer to the whole percentage.) Multiple Choice 48% 52% 44% 56%