16. If 60% of sales are for cash, 40% of credit April May June Page 2 Sales 232,800 292,000 309,600 3 Collections: 4 Cash 5 First Month 185,760 70,080 sales are collected during the month following the sale, and the remaining of credit sales are collected two months after the sale, what is the right formula on cell D6? a. =D2*0.6 b.-C2*0.24 c. B2*0.16 d.-D2*0.4 e. -C2*0.4