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EXERCISE 6 : CASH FLOAT It takes fourr (4) days to process couchers and issue checks. From the date a check is issued, it takes

EXERCISE 6: CASH FLOAT

It takes fourr (4) days to process couchers and issue checks. From the date a check is issued, it takes two (2) days to have it signed by the corporate signatories, ten (10) days on the average before they are claimed by suppliers, and (5) days for their deposit by suppliers and clearance in the banking system.

How long is the cash float? How would you break it down?

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