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help please Route Canal Shipping Company has the following schedule...

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Finance

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Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivable April 30, 20x1 (1) (2) (3) (4) Month of Age of Percent of Sales Account Amount Amount Due April 0-30 $227,010 March 31-60 129,720 February 61-90 194,580 January 91-120 92,290 Total receivables $648,600 100 a. Calculate the percentage of amount due for each month. Percent of Amount Due Month of Sales April March February January Total receivables S 100 b. If the firm had $1,692,000 in credit sales over the four-month period, compute the average collection period. Average daily credit sales should be based on a 120-day period. Average collection period days c. If the firm likes to see its bills collected in 45 days, should it be satisfied with the average collection period? No Yes d. Disregarding your answer to part cand considering the aging schedule for accounts receivable, should the company be satisfied? Yes NO

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