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 2017 using
(a) LIFO numbers
(b) FIFO numbers. (Round answers to one decimal.)
2. Comment on and interpret the results of part 1.

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2017 2016 LIFO Inventory LIFO cost of goods sold FIFO Inventory FIFO cost of goods sold Current assets (using LIFO) ....$160 S110 740 680 240 110 660 645 220 180 200 170