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

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 $195360

March 31-60 $97680

February 61-90 $122100

January 91-120 $73260

Total receivables $488400 100%

a. Calculate the percentage of amount due for each month

b. If the firm had $1584000 in credit sales over the four-month period compute the average collection period. Avg. daily sales should be based on a 120-day
period.

c. If the firm likes to see its bills collected in 42 days should it be satisfied with the average collection period?

d. Disregarding your answer to part c and considering the aging schedule for accounts receivable should the company be satisfied?

Please show your answer in a way that I can learn to solve it myself thanks!