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Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20X1 (1) (2) (3) Month of Age of Sales Account Amounts April 0-30 $ 282,240 March 31-60 105,840 February 61-90 246,960 January 91-120 70,560 Total receivables $ 705,600 (4) Percent of Amount Due 100% a. Calculate the percentage of amount due for each month. Percent of Amount Due Month of Sales April March % % % February January Total receivables % 100 % b. If the firm had $1,728,000 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 48 days, should it be satisfied with the average collection period? O NO O Yes d. Disregarding your answer to part cand considering the aging schedule for accounts receivable, should the company be satisfied? Yes No