What is the firms net float

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Reference no: EM131087832

ABC Company writes 269 checks a day for an average amount of $385 each. These checks generally clear the bank in 3 days. In addition, the firm generally receives an average of $128,596 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float?

Reference no: EM131087832

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