Question 2 (10 Marks) Jordan Canal Shipping Company has the following schedule for aging of accounts receivable. April...... March.... a. Month of Sales February... January..... Total receivables. b. (1) C. d. Age of Receivables April 30, 20XI (2) Age of Account 0-30 31-60 61-90 91-120 Amounts $ 131,250 93,750 112,500 37.500 $ 375,000 Percent of Amount Due 100% Fill in column (4) for each month. If the firm had $1,500,000 in credit sales over the four-month period, compute the average collection period. Average daily sales should be based on a 120-day period. If the firm likes to see its bills collected in 35 days, should it be satisfied with the average collection period? 1967 Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied receivable

Question 2 (10 Marks) Jordan Canal Shipping Company has the following schedule for aging of aceoums recevible Age of Receivables April \\( 30.20 \\times 1 \\) (3) pereent of (2) Amouni Due (1) Month of Sales Age of Account \\( \\$ 131.250 \\) April. \\( 0^{-30} \\) 93.750 March 31- 60 112.500 61 -90 \37.500quad100 9) 120 S 375,000 February January Total receivables a. Fill in column (4) for each month. c. If the firm likes to seriod? If the fing collection period