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Calculate the company net float

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Reference no: EM132855279

Question - On average, ABC Company writes checks totaling P14,000 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling P26,000. The cash from the payments is available to the firm after two days. Calculate the company's net float.

Reference no: EM132855279

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