McGriff Dog Food Company normally takes 28 days to pay for average daily credit purchases of $9,540. Its average daily sales are $10,710, and it collects accounts in 32 days. a. What is its net credit position?       b-1. If the firm extends its average payment period from 28 days to 38 days (and all else remains the same), what is the firm's new net credit position? (Negative amount should be indicated by a minus sign.)

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A: The conceptual formula used:

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Q: What is the company's average accounts receivable?

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A:

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