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borteleto borteleto
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Posts: 2477
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6 years ago
A large corporation has annual sales revenues of $6 billion. The corporation currently earns 2.25% on its money-market account. If the corporation can reduce its float by three days by making its billing and collection functions more efficient, the company's operating profits will increase by approximately
A) $3,069,863.
B) $2,196,500.
C) $1,350,000.
D) $1,109,589.
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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wrote...
6 years ago
 D
 
borteleto Author
wrote...
6 years ago
Helps a lot... Now I'm ready for my quiz
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