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is Soclety Clothing Manufacturer has collection centres around the country to speed up cash collections. The company also s its disbursements from remote disbursement centres,

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is Soclety Clothing Manufacturer has collection centres around the country to speed up cash collections. The company also s its disbursements from remote disbursement centres, so cheques written by Sheila's take longer to clear the bank. Collection nas been reduced by two days and a half days and disbursement time has been increased by one and a half days because of policies. Excess funds are being invested in short-term instruments yielding 5 percent per annum. e firm has $4.30 million per day in collections and $3.30 million per day in disbursements, how many dollars has the cash anement system freed up? (Enter the answer in dollars not in millions.) d-up funds. much can Sheila's earn per year on short-term investments made possible by the freed-up cash? (Enter the answer in dollars in millions.) rest on freed-up cash

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