Route Canal Shipping Company has the following schedule for aging of accounts receivable: (4) Percent of Amount Due Age of Receivables April 30, 20x1 (1) (2) (3) Month of Age of Sales Account Amounts April 0-30 $266,960 March 31-60 100,110 February 61-90 233,590 January 91-120 66,740 Total receivables $667,400 100% a. Calculate the percentage of amount due for each month, Month of Sales April March February January Total receivables Percent of Amount Due % % % % 100% b. If the firm had $1,704,000 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 46 days, should it be satisfied with the average collection period? No Yes d. Disregarding your answer to part cand considering the aging schedule for accounts receivable, should the company be satisfied? Yes No