Granger Corporation had $200,000 in sales on account last year. Cost of goods sold was $130,000. The beginning Inventory balance was $32,000 and the ending balance was 536,000. The beginning accounts receivable balance was $16,000 and the ending accounts receivable balance was $24,000. The corporation's average collection period was closest to: (Assume 365 days a year. Round your intermediate answers to 2 decimal places.) 36.5 days 43.8 days 10.0 days 29.2 days