Route Canal Shipping Company has the following schedule for aging of accounts receivable:

Age of Receivable

( 1) ( 2 ) ( 3 ) ( 4 )

Month of Sales Age of Account Amounts % of amount due

April 0-30 $212,220

March 31-60 $94,320

February 61-90 $141,480

January 91-120 $23,580

Total receivables $471,600 100%

A. Calculate the percentage of amount due for each month

April ?%

March ?%

Feb ?%

January ?%

Total receivables: 100%

B. If the firm had $1,572,000 in credit sales over the four-month period, compute the average collection period. Avg. daily sales should be based on a 120-day period.

Average collection period: ?Days