A large corporation has annual sales revenues of 6 billion, Financial Management

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A large corporation has annual sales revenues of 6 billion

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.

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Financial Management: A large corporation has annual sales revenues of 6 billion

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Financial Management: A large corporation has annual sales revenues of 6 billion

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