Chapter 19: Cash \& Liquidity Management Cash Collection/Disbursement: *Each day, on average, Pied Piper Piping disburses funds in the amount of $23,400 to pay its suppliers. The typical clearing time for the funds is 4 days. Meanwhile, the company is collecting payments from its customers each day in the form of checks totaling $29,800. The cash from the incoming payments is available to the Pied Piper after 3 days, although the average number of days delay for received checks is 5 days. Assuming 30 days in a month, what is the company's Average Daily Float and Net Float