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Each business day, on average, a company writes checks totaling $18,000 to pay its suppliers. The usual cleaning time for the checks is 3 days.

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Each business day, on average, a company writes checks totaling $18,000 to pay its suppliers. The usual cleaning time for the checks is 3 days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $26,000. The cash from the payments is available to the firm after 2 days What is the company's collection float? $ 52,000 $ 54,000 $ 54,000 $ 52,000

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