Consider the case of Federated Flour Company: Federated Flour Company sells on terms of 1/15 net 30 . The company's management is concerned that its investment in accounts receivable is unintentionally growing due to its customers' late payments, called "arrearages." In anticipation of being asked about this by the company treasurer, Diego collected a sample of accounts receivable information. The sample represents 25% of the company's accounts receivable outstanding. and the percentage of total receivables outstanding in each category to complete the statements that follow. receivables that are 61-90 days and 91+ days late are and , respectively. This has the potential to be a receivables and 31 days late is . (Remember, the preceding sample data represents 25% of Federated's total volume of accounts receivable.) Consider the case of Federated Flour Company: Federated Flour Company sells on terms of 1/15 net 30 . The company's management is concerned that its investment in accounts receivable is unintentionally growing due to its customers' late payments, called "arrearages." In anticipation of being asked about this by the company treasurer, Diego collected a sample of accounts receivable information. The sample represents 25% of the company's accounts receivable outstanding. and the percentage of total receivables outstanding in each category to complete the statements that follow. receivables that are 61-90 days and 91+ days late are and , respectively. This has the potential to be a receivables and 31 days late is . (Remember, the preceding sample data represents 25% of Federated's total volume of accounts receivable.)