35% of Monroe Company's sales are for cash and 65% are onaccount. 55% of the account sales are collected in the month ofsale, 30% in the month following sale, and 12% in the second monthfollowing s 35\% of Monroe Company's sales are for cash and \( 65 \% \) are on account. \( 55 \% \) of the account sales are collected in the month of sale, \( 30 \% \) in the month following sale, and \( 12 \% \ 2 answers