Assume a compony had sales on account of $135,000 and its beginning and ending balances in accounts receivable were $12,000 and $8,000, pectively in addition, its cost of goods sold was $108,000 and its beginning and ending inventory balances were $10,000 and $14,000 respectively. The average collection period is closest to: Multiple Choice 36 29 days 27.04 days. 40.56 days O 39.04 days