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 $ 201,390 _______ March 3160 115,080 _______ February 6190 172,620 _______ January 91120 86,310 _______ Total receivables $ 575,400 100% a. Calculate the percentage of amount due for each month. b. If the firm had $1,644,000 in credit sales over the four-month period, compute the average collection period. Average daily sales should be based on a 120-day period. c. If the firm likes to see its bills collected in 41 days, should it be satisfied with the average collection period? No Yes d. Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied? Yes No