Age of Receivables April 30, 2013 (1) (2) (3) (4) Month of Sales Age of Account Amounts Percent of Amount Due April 030 $ 235,170 _______ March 3160 78,390 _______ February 6190 182,910 _______ January 91120 26,130 _______ Total receivables $ 522,600 100% a. Calculate the percentage of amount due for each month. Month of Sales Percent of Amount Due April % March % February % January % Total receivables 100 % b. If the firm had $1,608,000 in credit sales over the four-month period, compute the average collection period. Average daily sales should be based on a 120-day period. Average collection period days c. If the firm likes to see its bills collected in 44 days, should it be satisfied with the average collection period? Yes No d. Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied? Yes No HintsReferenceseBook & Resources Hint #1 Check my work