Taking into consideration the following data of company A which is the gross margin of the company for 20X2?

	20X2		20X1
Inventory	700,000		500,000		Inventories turnover ratio	35
Accounts receivables	1,200,000		1,000,000		Receivables turnover ratio	40

Select one:

a. 23,500,000

b. 23,000,000

c. 21,000,000

d. 21,500,000

e. 22,500,000