Hw ch.5 Q1 Cruz Company uses LIFO for inventory costing and...

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Accounting

Hw ch.5
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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 tumover, and days' soles in inventory for Year 2 using () LIFO numbers and (b) FIFO numbers

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