Q:Question:Tiger Thriftway currently processes all of its credit sales at its Clemson, SC, headquarters. The firm is considering establishing a lockbox arrangement with Arizona bank to process payments from customers in 12 southwestern states. Average mailing time for customers from this region is currently \( 5.5 \) days. It is expected that the system will reduce this to \( 4.5 \) days. Check processing and clearing time would be reduced from \(A:Answer:*#Answer please go through with the attachment cel...