BofA makes all sales on account. During the current year, BofA has an average accounts receivable balance of $60,000, an average inventory balance of $96,000, cost of goods sold of $345,000, and net income of $117,000. If BofAs gross margin percentage is 42.5%, what was its average collection period? Round to one decimal point.

A 18.3 days

B 24.3 days

C 30.4 days

D 36.5 days

E None of the above