Question: Answer must be correct. Answer within 25 minutes. I will give you upvotes. 3. What will be the gross annual savings be for ASM Traders

Answer must be correct. Answer within 25 minutes. I will give you upvotes.

Answer must be correct. Answer within 25 minutes. I will give you

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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