Hi, I need help with my Managerial Finance assignment please. . .

Kantorovich Company normally takes 28 days to pay for its average daily credit purchases of $2,200. Its average daily sales are $3,200, and it collects accounts in 23 days. What is its net credit position? Note that a negative position implies receivables exceed payables. ($14,000) $12,000 ($12,000) $13,000 Mr. Jones borrows $1,600 for 90 days and pays $32 interest. What is his effective rate of interest? (Use 360 days in a year. Round your answer to 2 decimal places.) 10.30% 8.00% 12.70% 8.54%