A Company Has Sales Revenue of $85,000 in January

Multiple Choice

A company has sales revenue of $85,000 in January. It collects $21,250 in January, $22,813 in February, $26,500 in March and $14,437 in April. Using the pattern of credit sales cash receipts, what is the proportion of receivables outstanding at February month-end?

A) 25.0%
B) 35.8%
C) 48.2%
D) 64.2%
E) 75%