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2.financial information isfor Chesapeake Corporationarefor the fiscal years ending 2018 & 2017 determine the number of days in inventory for 2018.Use a 365 day year.

2.financial information isfor Chesapeake Corporationarefor the fiscal years ending 2018 & 2017 determine the number of days in inventory for 2018.Use a 365 day year.

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Item/Account 2018 2017 Cash $35,000 $24,000 Accounts Receivable 56,000 52,000 Inventory 52,000 48,000 Current Liabilities 76,000 42,000 Net Sales (all credit) 550,000 485,000 Cost of Goods Sold 310,000 265,000

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