Question: ans must be correct ..within 25 min 3. What will be the gross annual savings be for ASM Traders ifi Let's assume, its annual sales

ans must be correct ..within 25 min

ans must be correct ..within 25 min 3. What will be the

3. What will be the gross annual savings be for ASM Traders ifi Let's assume, its annual sales is $5 million. It decides to invest its excess cash in marketable securities yielding 5.12% annually. TSC has decided to speed up the cash collection process by 5 days. (assume 1 year is 360 days). (4 marks)

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