Kantorovich company normally takes 29 days to pay for its, Ask an Expert

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Kantorovich Company normally takes 29 days to pay for its average daily credit purchases of $2,400. Its average daily sales are $3,400, and it collects accounts in 24 days. What is its net credit position? Note that a negative position implies receivables exceed payables.

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Financial Management, Finance

Category:- Financial Management
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