Chapter 16 Homework Finance 363 Starbucks Problem: If annual sales for Starbucks is 5.3 billion what would be the effect on 5 tarbucks if they reduce their "float" by 4 days? Note that Starbucks would be able to earn 4 percent on the cash produced by this float reduction. Float is the time it takes for a company to turn a sale into cash. Roudd yuur numbers - you may use 365d Ays if you like! * This is the Savings Stanbucks would get if they reduced Din "Float" by 4 days awd invest The mowey at 4%. Chapter 16 Homework Finance 363 Starbucks Problem: If annual sales for Starbucks is 5.3 billion what would be the effect on 5 tarbucks if they reduce their "float" by 4 days? Note that Starbucks would be able to earn 4 percent on the cash produced by this float reduction. Float is the time it takes for a company to turn a sale into cash. Roudd yuur numbers - you may use 365d Ays if you like! * This is the Savings Stanbucks would get if they reduced Din "Float" by 4 days awd invest The mowey at 4%