What is the average daily float

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Reference no: EM131608265

In a typical month, the Murray Corporation receives 90 checks totaling $144,000. These are delayed three days on average. What is the average daily float? Assume 30 days in a month. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average daily float $

Reference no: EM131608265

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