asking for help

When Cow Breeder Association, Inc. was set up by Fred Yaca, he hired his aging spinster aunt, Morena Santiago, to be its finance manager. Cow Breeder's business involved selling yearlings to farmers' cooperative who were often uncooperative when it came to paying their bills. Santiago kept track of the paying behavior of each customer in the area by preparing her own aging schedule. The cooperatives set up the company only last May. Cow breeder purchased stocks of yearlings from Masbate and resold them to cooperatives located all over the provinces. Its total accounts receivable as of September 30 was P152.000. A Breakdown of this accounts receivable according to the month of the credit sale is as follows: Cow Breeder sold yearlings to the cooperative on 30 -day credit term. When asked by the management to report on the status of receivable. Santiago said: "Our collection rate is 100 percent. It takes one year to grow yearlings before they are ready for the market. The cooperatives maybe slow payers but they do pay. Remember. I'm in control of this companyl" Management noted Santiago's comment. It also noted that cash was dwindling fast and that month-to-month sales of yearlings were also rapidly declining. a). What percentage of accounts receivable was: less than 30 days old? 30-60 days old? 6090 days old 90120 days old? b). Estimate the average accounts receivable collection period of the company. c). How efficient was credit management at Cow Breeders Association