The Gator Corporation has determined that it can reduce its float by 3 days if it applies
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The Gator Corporation has determined that it can reduce its float by 3 days if it applies a number of different cash management techniques.
If Gator typically receive $100,000 in payments from its customer per day and can earn 10% on its investments, what is the savings per year from the float reduction?
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Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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