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Cruz Company uses LIFO for inventory costing and reports the following financial data....

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Accounting

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Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost of goods sold using FIFO for comparison purposes. 1. Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using (a) LIFO numbers and (b) FIFO numbers. Ial Comnuta ite currant ratin invantary turnauar and daye' ealac in invantaru far Var 2 Iteinn I Ifo (b) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using FIFO

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