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PLEASE ANSWER THESE QUESTIONS USING EXCEL FORMULAS TO GET A THUMBS UP . EXCEL FORMULAS ONLY PLEASE. On an average day, Plyler Enterprises writes 4

PLEASE ANSWER THESE QUESTIONS USING EXCEL FORMULAS TO GET A THUMBS UP. EXCEL FORMULAS ONLY PLEASE. On an average day, Plyler Enterprises writes 42 checks with an average amount of $587 per check. These checks clear the bank in an
average of 3 days. What is the average amount of the disbursement float?
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 $89.50. These checks clear your bank in 2 days.
What is the normal amount of collection float?
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