Sheila's Society Clothing Manufacturer has collection centres around the country to speed up cash collections. The company also makes its disbursements from remote disbursement centres, so cheques written by Sheila's take longer to clear the bank. Collection time has been reduced by two and one-half days and disbursement time has been increased by one and one-half days because of these policies. Excess funds are being invested in short-term instruments yielding 6 percent per annum. a. If the firm has $4 million per day in collections and $3 million per day in disbursements, how many dollars has the cash management system freed up? (Enter the answer in dollars not in millions.) Freed-up funds b. How much can Sheila's earn per year on short-term investments made possible freed-up cash? (Enter the answer in dollars not in millions.) Interest on freed-up cash Score answer Sanders' Prime Time Lighting Co. has credit sales of $1,875,000 and accounts receivable of $195,205. Compute the value for the average collection period. (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to the nearest whole number.) Average collection days period m