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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 | 52,000 | 38,000 |
Current Liabilities | 76,000 | 42,000 |
Net Sales (all credit) | 550,000 | 485,000 |
Cost of Goods Sold | 281,000 | 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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