” Route Canal Shipping Company has the following schedule for aging of accountsr

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” Route Canal Shipping Company has the following schedule for aging of accountsreceivable…Please see attachment for tablea. Fill in column (4) for each month.b. If the firm had $1,440,000 in credit sales over the four-month period, computethe average collection period. Average daily sales should be based on a120-day period.

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