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Kantorovich Company normally takes 23 days to pay for its average daily credit purchases of $2,000. Its average daily sales are $3,000, and it collects

Kantorovich Company normally takes 23 days to pay for its average daily credit purchases of $2,000. Its average daily sales are $3,000, and it collects accounts in 18 days. What is its net credit position? Note that a negative position implies receivables exceed payables.

$8,000

($8,000)

($10,000)

$9,000

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