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(b) Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, e.g. 0.55.) (c) Calculate the current ratio

(b) Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, e.g. 0.55.) (c) Calculate the current ratio after adjusting for the LIFO reserve. (Round answer to 2 decimal places, e.g. 0.55.)

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