Float Measurement. On a typical day, ABC Company writes checks totaling $3,000. These checks clear in 7 days. Simultaneously, the company receives $1,700. The cash is available in 2 days on average....

Float Measurement. On a typical day, ABC Company writes checks totaling $3,000. These checks clear in 7 days. Simultaneously, the company receives $1,700. The cash is available in 2 days on average. (1) Calculate the disbursement, the collection, and the net floats and (2) interpret the result (CFM adapted).