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Please see the attached images

Part 1.png

Part 1.png

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
38,000
$24,000
Accounts Receivable
43,000
52,000
Inventory
43,000
48,000
Current Liabilities
92,000
42,000
Net Sales (all credit)
550,000
485,000
Cost of Goods Sold
288,000
265,000
Use this information to determine the number of current ratio as of December 31,
2018: (Round & enter your answers to one decimal place and enter the value.)
 
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