What is the firms net float

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Reference no: EM131297835

ABC Company writes 369 checks a day for an average amount of $381 each. These checks generally clear the bank in 5 days. In addition, the firm generally receives an average of $125,264 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float? Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131297835

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