Question: I do not understand how to fill this out? Route Canal Shipping Company has the following schedule for aging ofaccounts receivable: Age of Reteivables April

I do not understand how to fill this out?

I do not understand how to fill this out? Route
Route Canal Shipping Company has the following schedule for aging ofaccounts receivable: Age of Reteivables April 39, 29x1 (1) (2) (3) (4) Month of Age of Ferment of Sales Account Amounts Amount Due April aeao 1. 291,393 March 31760 115,880 February 6196 172,626 January 917126 86,310 Total receivables I 57 we may: 3. Calculate the percentage ofamount due for each month, Percent of Month of Sales Amount Due April % March % February % January % Total receivables 100 % b. lfthe rm had $1,644,000 in credit sales over the fOUH'nOl'ITl'I period, compute the average collection period. Average daily credit sales should be based on a 1207day period. Average collection period days c. If the firm likes to see its bills collected in 41 days. should it be satisfied with the average collection period? 0N0 0 Yes d. Disregardihg your answer to part cahd considering the aging schedule for accounts receivable, should the company be satisfied? 0 Yes 0 No

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