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Route Canal Shipping Company has the following schedule for aging of accounts receivable: a. Calculate the percentage of amount due for each month. b. If

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Route Canal Shipping Company has the following schedule for aging of accounts receivable: a. Calculate the percentage of amount due for each month. 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

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