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.
Correct Answer:
Verified
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