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Each month (assume 30 days per month), your company typically has one remittance of $1,000,000 and another of $2,000,000, with collection floats of 5 and

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Each month (assume 30 days per month), your company typically has one remittance of $1,000,000 and another of $2,000,000, with collection floats of 5 and 7 days, respectively. On average, your company's collection float is O 6 days O 6.67 days O 6.5 days O 6.33 days

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