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The following financial information is for Chesapeake Corporation are for the fiscal years ending 2020 & 2019 (all balances are normal): Item/Account 2020 2019 Cash
The following financial information is for Chesapeake Corporation are for the fiscal years ending 2020 & 2019 (all balances are normal): Item/Account 2020 2019 Cash $35,000 $24,000 Accounts Receivable 56,000 52,000 Inventory 50,000 30,000 Current Liabilities 76,000 42,000 Net Sales (all credit) Cost of Goods Sold 550,000 485,000 317,000 265,000 Use this information to determine the number of days in inventory for 2020: (Use a 365 day year. Round & enter your answers to one decimal place and enter the value.)
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