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Problem 19-01 Calculating Float (LO1] In a typical month, the Montrose Corporation receives 70 checks totaling $149,000. These are delayed five days on average. What

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Problem 19-01 Calculating Float (LO1] In a typical month, the Montrose Corporation receives 70 checks totaling $149,000. These are delayed five days on average. What is the average daily float? Assume 30 days in a month. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average daily float

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