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 Sales	Age of Account	Amounts		Percent of Amount Due
April	030	$	240,240	_______
March	3160		137,280	_______
February	6190		205,920	_______
January	91120		102,960	_______
Total receivables		$	686,400	100%

a. Calculate the percentage of amount due for each month.

Month of Sales	Percent of Amount Due
April	35	%
March	20	%
February	30	%
January	15	%
Total receivables	100	%

b. If the firm had $1,716,000 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 47 days, should it be satisfied with the average collection period? yes or no?