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Each day, on average, a company writes cheques totaling $ 1 1 , 7 5 0 to pay its suppliers. The usual total processing and

Each day, on average, a company writes cheques totaling $11,750 to pay its suppliers. The usual total processing and clearing time for the cheques is 5 days. Meanwhile, the company receives payments from its customers each day, in the form of cheques, totaling an average of $13,500. The cash from the payments received is available to the firm after 2 days.
Calculate the companys average daily disbursement float, collection float, and net float. (Negative amounts should be indicated by a minus sign. Do not use commas in your answers!)
Average Daily Disbursement float = Blank 1. Fill in the blank, read surrounding text.
Average Daily Collection float = Blank 2. Fill in the blank, read surrounding text.
Average Daily Net float

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