What is its net credit position note that a negative, Financial Management

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What is its net credit position note that a negative

Kantorovich Company normally takes 23 days to pay for its average daily credit purchases of $2,200. Its average daily sales are $3,200, and it collects accounts in 18 days. What is its net credit position? Note that a negative position implies receivables exceed payables.

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Financial Management: What is its net credit position note that a negative

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Financial Management: What is its net credit position note that a negative

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