Write the Ratio as a Fraction in Lowest Terms

question 172

Essay

Write the ratio as a fraction in lowest terms. to

---

Definitions:

Collection Delay

The time period between when a check is deposited and when the funds become available in the account, affecting cash flow management.

Customers

Individuals or organizations that purchase goods or services from a business.

Average Amount

The arithmetic mean of a set of numbers, representing a central or typical value in a dataset.

Optimal Average Cash Balance

The ideal amount of cash that a company should hold to minimize costs associated with holding too much or too little cash.