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What is the increase in firms average cash balance

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Reference no: EM132953510

Question - SM has sales of 10million a year/ if sm reduce its processing float by 3 days, what is the increase in firms average cash balance? Assume 360 days per year.

a. 904,110

b. 872,180

c. 30,137

d. 916,667

Reference no: EM132953510

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