What is the firms net float

Reference no: EM13302852

Wintoki Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, and it takes 3 days for these checks to be deposited and cleared. What is the firm's net float, in dollars? show your work.

Reference no: EM13302852

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