IN ORDER TO RECEIVE POSITIVE RATING, PLEASE SHOW STEP- BY-STEP CALCULATIONS OR, AN EXCEL SPREADSHEET IS ACCEPTABLE. NO SCREEN SHOTS OR, HANDWRITTEN ANSWERS PLEASE 18 On average, your firm receives 62 checks a day from customers. These checks, on average, are worth $39.90 each and clear the bank in 2.5 days. In addition your firm disburses 38 checks a day with an average amount of $8950. These checks clear your bank in 2 days. What is the normal amount of collection float