7 Exercise 5-18 (Algo) Comparing LIFO numbers to FIFO numbers; ratio analysis LO A3 14.28 points View previous attempt Check my work 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 Year 1 LIFO inventory $250 $200 eBook LIFO cost of goods sold FIFO inventory 830 770 320 225 FIFO cost of goods sold 785 References Current assets (using LIFO) Current assets (using FIFO) Current liabilities 310 280 380 305 165 145 1. Compute its current ratio, inventory turnover, and days' sales in inventory for year 2 using (a) LIFO numbers and (b) FIFO numbers. 3