5 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. Year 2 $ 160 740 Year 1 $ 110 680 110 645 LIFO inventory LIFO cost of goods sold FIFO inventory FIFO cost of goods sold' Current assets (using LIFO) Current assets (using FIFO) Current liabilities 240 660 3ook 220 180 180 tint 300 200 170 rences 1. Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using (a) LIFO numbers and (b) FIFO numbers. (a) Compute its current ratio, inventory tumover, and days sales in inventory for Year 2 using LIFO numbers Numerator Denominator Ratio Current ratio Inventory turnover Days' sales in inventory (b) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using FIFO numbers Numerator 1 Denominator Ratio Current ratio Inventory turnover Days' salos in inventory here to search o 0 Prisc Insert Si 5 512