Commercial Supply Corp

Commercial Supply Corp. bills its accounts on terms of 2/10 net 30. The firm's accounts receivable include $200 000 that has been outstanding for ten or fewer days, $126 000 outstanding for 11 to 30 days, $98 000 outstanding for 31 to 40 days, $12 000 outstanding for 41 to 50 days, $20 000 outstanding for 51 to 60 days, and $7 000 outstanding for more than 60 days. Is the ageing schedule for Commercial Supply Corp. bottom heavy?

A) No, since 70% of the outstanding sales are on time and the percentage of long-term outstanding payments is low.
B) No, since the percentage of payments that are late are greater than the percentage of payments that are on time.
C) Yes, since the percentage of payments that are late are greater than the percentage of payments that are on time.
D) Cannot tell from the information given.