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Determine the number of days in inventory

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The following financial information is for Chesapeake Corporation are for the fiscal years ending 2018 & 2017 (all balances are normal):

Item/Account                                2018                         2017

Cash                                       $35,000                  $24,000

Accounts Receivable                    56,000                    52,000

Inventory                                   56,000                    44,000

Current Liabilities                          76,000                   42,000

Net Sales (all credit)                     550,000                 485,000

Cost of Goods Sold                       350,000                    265,000

Question 1: Use this information to determine the number of days in inventory for 2018: (Use a 365 day year. Round & enter your answers to one decimal place and enter the value.)

Reference no: EM132463710

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