Fogel's Pumps Offers Its Customers Credit Terms of 2/10, Net

Fogel's Pumps offers its customers credit terms of 2/10, net 30, while Larry's Pumps offers terms of 2/10, net 45 days. The aging schedules for the two companies' receivables are shown below: Fogel's
Larry's
Age of Account(Days)
Value of Account
Percentage of Total Value
Value of Account
Percentage of Total Value
0-10
$58,800
60%
$ 73,500
50%
11-30
19,600
20
29,400
20
31-45
14,700
15
29,400
20
46-60
2,940
3
10,290
7
Over 60
1,960
2
4,410
3
Total receivables
$98,000
100%
$147,000
100%
Which company has the higher percentage of overdue accounts, and what is its percentage of overdue accounts?

A) Larry's: 50% overdue
B) Larry's: 40% overdue
C) Fogel's: 30% overdue
D) Fogel's: 20% overdue