Aqua system inc expects to have 16080600 in credit sales, Financial Management

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Aqua system inc expects to have 16080600 in credit sales

Aqua System Inc. expects to have $16,080,600 in credit sales during the coming year. Currently all checks are sent to the home office. A proposed lockbox system can climate 5 days of float, releasing funds which when invested will earn 13.54 percent per year. What annual savings can Aqua System expect if the system is implemented? Use a 365-day year. Round the answer to two decimal places

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Financial Management: Aqua system inc expects to have 16080600 in credit sales

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