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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) (4) Month of Age of Percent of Sales Account Amounts Amount Due April 0-30 $ 283, 500 March 31-60 63, 000 February 61-90 252, 000 January 91-120 31, 500 Total receivables $ 630, 000 1009 a. Calculate the percentage of amount due for each month. Percent of Month of Sales Amount Due April % March % February % January % Total receivables 100 % b. If the firm had $1,680,000 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 44 days, should it be satisfied with the average collection period? O No Yes d. Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied? Yes ONO