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Dog Food Corp. normally take 5 days to pay for average daily credit purchases of P10,000. Its average daily sales are P20,000, and it collects

Dog Food Corp. normally take 5 days to pay for average daily credit purchases of P10,000. Its average daily sales are P20,000, and it collects accounts in 7 days. Use 360-days. What is its net credit position?

a)100,000

b)90,000

c)(75,000)

d)(80,000)

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