During the current year, Donny Co. reports sales of $184,000 and an average sale period of 50 days.

The inventory balance is $11,000 at the beginning of the year and $13,000 at the end of the year.

What is Donny Co gross margin percentage? Round to one decimal point.

A 42.8%

B 44.5%

C 47.6%

D 52.4%

E 56.2%