Each business day, on average, a company writes checks totaling $36,900 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $47,000. The cash from the payment is available to the firm after two days.

a. Calculate the companys disbursement float, collection float, and net float.

b. Calculate the companys disbursement float, collection float, and the net float, if the collected funds were available in one day instead of two.