Age of Receivables April 30, 20x1 (1) (2) (3) Month of Age of Sales Account Amounts April 0-30 $ 120,540 March 31-60 86, 100 February 61.90 103,320 January 91-120 34,440 Total receivables $ 344,400 (4) Percent of Amount Due 1000 a. Calculate the percentage of amount due for each month. Month of Sales April March February January Total recolvables Percent of Amount Due % % % % 100% b. If the firm had $1,476,000 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 Prey 1 of 5 Next >