b$.$ If the firm had $$1,620,000$ 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.

c$.$ If the firm likes to see its bills collected in $45$ days, should it be satisfied with the average collection period?

$O$ Yes

Ono

d$.$ Disregarding your answer to part $c$ and considering the aging schedule for accounts receivable, should the company be satisfied?