Maraby Corporation Balance Sheet December 31, Year 2 and Year 1 (dollars in thousands) Year 2 Year 1 $ 220 190 140 70 620 $ 190 160 150 80 580 1,180 $ 1,800 1,150 $ 1,730 Current assets: Cash and marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Noncurrent assets: Plant & equipment, net Total assets Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Noncurrent liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock, $5 par Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities stockholders' equity $ 100 100 160 360 $ 120 70 160 350 450 810 500 850 160 200 630 990 $ 1,800 160 200 520 880 $ 1,730 Maraby Corporation Income Statement For the Year Ended December 31, Year 2 (dollars in thousands) Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $ 1,960 1,370 590 230 360 50 310 93 $ 217 Maraby Corporation's average sale period for Year 2 was closest to: (Round your intermediate calculations to 1 decimal place. Multiple Choice 38.8 days 326 days 46 6 days