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Smelpank, Inc., estimates that it takes, on average, three days for customers' payments to arrive, two days for the payments to be processed and deposited
Smelpank, Inc., estimates that it takes, on average, three days for customers' payments to arrive, two days for the payments to be processed and deposited by the bookkeeping department, and two more days for the checks to clear once they are deposited. What is the firm's collection float? Collection float days
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