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Compute the number of days in inventory

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Question - 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

60,000

36,000

Current Liabilities

76,000

42,000

Net Sales (all credit)

550,000

485,000

Cost of Goods Sold

290,000

265,000

Required - Use this information to compute the number of days in inventory for 2018?

Reference no: EM132559670

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